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Maharashtra slashes VAT on aviation turbine fuel from 18 to 7 per cent for six months

The Maharashtra government has reduced VAT on aviation turbine fuel from 18 per cent to 7 per cent for six months from May 15. The move is expected to reduce fuel costs for airlines and improve air connectivity and airport competitiveness in the state

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The concession will remain in force from May 15 to November 14, after which the previous rate would apply unless extended or modified by the government. Representational pic

The concession will remain in force from May 15 to November 14, after which the previous rate would apply unless extended or modified by the government. Representational pic

The Maharashtra government has reduced value added tax (VAT) on aviation turbine fuel (ATF) from 18 per cent to 7 per cent for a period of six months starting Friday.

The decision was officially notified by the state finance department on Thursday under the Maharashtra Value Added Tax Act, 2002. According to the notification, the concession will remain in force until November 14. After this period, the previous tax rate of 18 per cent will be applicable unless the government extends or modifies the order.

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