Maharashtra announces 6-month reduction in VAT on aviation fuel; airfares likely to stabilise
MUMBAI: The Maharashtra government has reduced Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) to 7 per cent from 18 per cent for a period of six months with effect from May 15, in a move aimed at providing relief to airlines grappling with high fuel costs. The civil aviation ministry said the move…