Current Affairs

Refund of VAT on ATF for airline on the anvil: Goa Budget

Continuing with the government’s focus to increase airline operations to and from Goa with reduction of VAT on Air Turbine Fuel (ATF) in the last budget, Chief Minister Manohar Parrikar in his Budget 2013-14 has stated that the government will be formulating a new scheme for a refund of VAT on ATF.

This new proposed scheme however is subjected to minimum VAT of 05 per cent, on the basis of progressive increase of passengers by the airline carrier in a year with reference to the base year being 2012-13.

The Chief Minister plans to introduce this scheme in the forthcoming tourist season.

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