business / news / / Free Press Journal
The Ministry of Civil Aviation has given a fresh proposal to the Ministry of Finance to bring ATF under the GST framework.
The Civil Aviation Ministry has submitted a new proposal to include ATF under GST.
KEY POINTS
- ATF prices have more than doubled due to the US–Israel–Iran war's impact on crude oil.
- The GST Council may discuss the ATF proposal in its next meeting after elections.
- State approval is required for ATF's inclusion in GST, as it affects their tax revenue.
COMPANIES
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