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The Union Government has reiterated its support for a key demand of the aviation industry - the inclusion of aviation turbine fuel (ATF) under the GST regime.
Reasons given include the soaring global crude oil prices and the beleaguered aviation sector, which is still struggling to resurface to pre-pandemic levels of growth.
Off the top, the proposition to include ATF within GST’s ambit seems like a slam dunk. It enjoys broad support across GoI ministries and all that stands in its way is the GST Council’s assent.
Look closer, though, and complications emerge…
Click link for a deep-dive into this issue: https://transfin.in/the-pros-and-cons-of-adding-atf-to-the-gst-regime
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