BUR­DEN OF TAXES ON AIR­LINES

SP's Airbuz - - News Briefs -

Ajay Singh, CMD Spice­Jet has made a pitch for a cut in state taxes on avi­a­tion tur­bine fuel (ATF) and for bring­ing it within the am­bit of the GST to make the In­dian avi­a­tion sec­tor the fastest grow­ing in the world. Speak­ing at the In­dia Eco­nomic Sum­mit of the WEF, he said that if the sec­tor was the ben­e­fi­ciary of a favourable tax regime, there was no rea­son why In­dia would not emerge as the fastest grow­ing avi­a­tion mar­ket in the world in the next decade. “If we have to in­crease con­nec­tiv­ity and bring down cost, the big­gest item is ATF. So, we want that ATF cost to be re­duced and states should re­duce sales tax and bring it within GST so that we can claim in­put tax credit,” Singh said. “If it hap­pens, then ATF prices will come down, fares will come down and the avi­a­tion sec­tor will see growth.” He also dwelt on con­cerns re­lat­ing to GST and hoped that these glitches will be sorted out over time. “We found that the gov­ern­ment was very re­cep­tive to our ideas. So, we are dis­cussing with them and hope­fully, there will be a so­lu­tion,” Singh said.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.