Search
GST can Increase the Earnings of Airlines through Input Tax Credits on Jet Fuels
May 28, 2018
According to the assessments given at a meeting with the ministry of civil aviation chaired by minister of state for civil aviation Jayant Sinha, airlines can earn more than five times of the current input tax credits if jet fuel is brought under GST ambit. It says that airlines can earn around 5220 crore as input tax credits and the government will also be able to earn INR 10,353 crore as tax revenue. This figure is 7% more than the revenue generated at present.
The values are based on the fact that while airlines pay VAT of around 4%-30% and excise duty of around 14% on ATF, they get input tax credits only on the VAT. If brought under GST, there would be a single taxation structure on which the airlines can claim credit.
Important Links:
- MBA from ARU, Anglia Ruskin University (UK): https://new.ask.careers/courses/mba-from-uk-university/
- Post Graduate Diploma in Banking & Finance: https://new.ask.careers/courses/post-graduate-diploma-in-banking-finance/
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://new.ask.careers/courses/professional-diploma-in-banking-management/
- Mumbai: https://new.ask.careers/cities/mumbai/
- Lonavala: https://new.ask.careers/cities/lonavala/
- Ahmedabad: https://new.ask.careers/cities/ahmedabad/
- Vadodara: https://new.ask.careers/cities/vadodara/
- TSCFM: https://new.ask.careers/institutes/tscfm/
Courses
-
testssd
-
testssd
-
testssd
-
testssd
-
testssd
-
Sage Foundation - Professional Diploma in Banking
-
Banking course + Job
-
4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI)
-
3-in-1-management-program
-
MBA from HSNC University (Mumbai, India)
-
BBA from UK University
-
MBA for Executives
-
Certificate in Business English
-
Professional Diploma in Photography
-
Professional Diploma in Real Estate Management
-
Professional Diploma in Digital Marketing
-
4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI)
-
Post Graduate Diploma in Integrated Marketing, Advertising & Communication
-
Post Graduate Diploma in Digital Marketing
-
Post Graduate Diploma in Banking & Finance
-
MBA from ARU, Anglia Ruskin University (UK)
