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Will GST be structurally overhauled at the Council's meeting in Lucknow?

Apart from fewer slabs, the council will do well to take on issues like bringing petroleum under GST, addressing conflicting rulings of AARs and the issue of compensation to states beyond 2022

Talking to several states to reduce VAT on aviation turbine fuel: V K Singh

The aviation ministry is talking to different states urging them to reduce VAT on aviation turbine fuel (ATF), Minister of State for Civil Aviation, Road Transport and Highways Gen V K Singh said

Jet fuel prices up by steep 6.5%; petrol, diesel unchanged for 2nd day

Jet fuel prices on Monday were hiked by a steep 6.5 per cent on the back of a rally in international oil prices. Aviation turbine fuel or ATF price was hiked by Rs 3,663 per kilolitre, or 6.5 per cent, to Rs 59,400.91 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1. The increase in rates will add to the margin woes of airlines who continue to operate flights at less than capacity, amid pandemic-driven travel restrictions. Brent crude oil prices on Monday rose to USD 65.49 per barrel - the highest in more than a year - on optimism in the global economy and on hopes for improving oil demand as vaccines are being rolled out. Meanwhile, petrol and diesel prices were unchanged for the second day in a row after hitting an all-time high. Petrol is priced at Rs 91.17 per litre in Delhi a

Jet fuel price up almost 2%, kerosene rate cut by Rs 2.19 per litre

Jet fuel (ATF) price was hiked by almost 2 per cent on Thursday, while rate of kerosene sold through PDS was cut by Rs 2.19 per litre as oil firms synced rates in line with international cost.

Fuel sales slump 50% in April; petrol down 64%, diesel 61%, ATF 94%

Industry officials said this is the biggest ever drop in sales and the first data for the complete lockdown period

Jet fuel rate cut by 12%; freeze on petrol, diesel price continues

Petrol price remained unchanged at Rs 69.59 a litre in Delhi and diesel at Rs 62.29 for the seventh day in a row

Gas and ATF likely to be brought under GST soon, says govt source

Experts said that the ATF price would come down if it is kept in the 18% GST bracket

Bring natural gas, aviation turbine fuel in GST ambit: Dharmendra Pradhan

FM Sitharaman assures sanctity of contracts

Government cuts excise duty on aviation turbine fuel to 11% from 14%

A notification issued by the Revenue Department of the Finance Ministry said the duty change would "come into force with effect from the 11th day of October, 2018

Jet fuel price hiked 9.2%

Price revision to hurt margins as airlines not hiking fares