Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Top Indian Carrier IndiGo Calls Upon Government to Cut Fuel Tax

Jan. 19, 2022, 2:05 PM

Central excise fuel taxes should be dropped to 5% from current 11%, custom duties on repair parts “should be eliminated”, and aviation turbine fuel should be brought under India’s goods and services tax, IndiGo CEO Ronojoy Dutta says in statement.

  • “Civil aviation pays 21% of its revenues to the government in indirect taxes with very little input credit,” says Dutta
  • “It is an unreasonable proposition to expect that the industry should earn a 21% margin just to pay taxes to the government”
  • Status quo has resulted in an aviation industry that is “chronically ill and unable to live up to ...

To read the full article log in. To learn more about a subscription click here.