Mumbai, May 15 (IANS) The Maharashtra government announced a significant reduction in the Value Added Tax on Aviation Turbine Fuel, effective from May 15 and applicable until November 14, 2026. The state Finance Department issued a notification lowering the tax rate to 7 per cent, down from the previous 18 per cent.This 11-percentage-point cut is intended to provide temporary relief to airlines and help stabilise surging airfares during the peak summer travel season.Finance Department sources sa…
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