India cuts jet fuel tax to 11 percent from 14 percent in public interest
India cuts jet fuel tax to 11 percent from 14 percent in public interest
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.