Tamil Nadu Cuts VAT On Aviation Fuel To 1%
· Business · NDTV, The Hindu
The Tamil Nadu government has reduced the value added tax on aviation turbine fuel to 1% at airports across the state, excluding Chennai. At Chennai airport, the tax rate has been cut from 29% to 16%. This policy change aims to lower operational costs for airlines and encourage increased air connectivity within the state. The decision follows a broader push to make regional aviation more competitive and accessible.
Why it matters
Lower fuel taxes reduce operating expenses for airlines, which can lead to more affordable airfares and increased flight frequency for passengers travelling to and from Tamil Nadu.
Read the original report — NDTV
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