India said on Wednesday it would cut the factory gate tax on jet fuel to 11 percent from 14 percent, a move that would bring down fuel prices for the country`s ailing aviation industry.
The new reduced tax will be effective from Thursday, the government order said, adding that it was "satisfied that it is
necessary in the public interest". https://reut.rs/2CzJeDG
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
TAGS:
Updated: Wed, Oct 10, 2018
09:00 PM IST
09:00 PM IST
Reuters