Business

Airplane fuel may be cheaper, this state announces huge reduction in VAT rates

Airplane fuel may be cheaper, this state announces huge reduction in VAT rates

Turbine fuel will be cheaper

A proposal will be sent to the Central Government soon after identifying the land by the Haryana Government in the direction of establishing a Heli-Hub in Gurugram, Haryana. Haryana Government has decided to reduce the VAT rates on Air Turbine Fuel from 20 percent to 1 percent. This simply means that the VAT on turbine fuel can be cut by up to 19 percent, which will make the fuel prices much cheaper for the planes.

Information given after meeting with Union Civil Aviation Minister

Haryana Chief Minister Manohar Lal Khattar gave this information after holding a meeting with Union Civil Aviation Minister Jyotiraditya M. Scindia in New Delhi today. Discussions took place in the meeting regarding various important civil aviation projects of the state of Haryana. Haryana Deputy Chief Minister Dushyant Chautala attended the meeting through video conferencing.

These topics were also discussed in the meeting

In the meeting, discussions were held regarding the reduction of VAT rates on air turbine fuel in addition to the heli-hub to be set up in Gurugram and the Civil Aviation University, Drone School, Satellite Center in the state. Apart from this, the development of Integrated Aviation Hub, Hisar, Airstrip Karnal, Airstrip, Ambala and Pilot Training School, Bhiwani and Pilot Training School Narnaul and air services routes in Haryana were also discussed.

Haryana government took the decision on the proposal of the central government

Talking to the media after the meeting, the Chief Minister said that a proposal would be sent to the Center soon after identifying the land by the Haryana Government for setting up a heli-hub in Gurugram. As a result of the establishment of a heli-hub in Gurugram, the airport will also get sport due to the facility of intercity and intracity helicopters. The Chief Minister informed that on the proposal made by the Central Government to reduce the VAT rates on Air Turbine Fuel in Haryana, it has been decided to reduce the VAT rates on Air Turbine Fuel from 20 percent to 1 percent in Haryana.

Hisar’s aviation hub will be developed by 2023

He said that the Integrated Aviation Hub, Hisar would be developed by the year 2023. Karnal and Ambala airstrips will also be developed. Manohar Lal said that the Union Civil Aviation Minister Jyotiraditya M. Scindia has also been invited to launch the pilot training school being established in Bhiwani. Principal Secretary to Chief Minister Shri V. Umashankar and Additional Chief Secretary of Civil Aviation Department Sudhir Rajpal were also present in the meeting.

.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

You may also like

Comments are closed.

More in:Business