Maharashtra reduces VAT on jet fuel from 18% to 7% in a relief for airlines

In a major relief for airlines, Maharashtra government has reduced value-added tax (VAT) on aviation turbine fuel (ATF) to 7% from the current rate of 18%. The reduction will remain effective till November 14, according to the official notification. This announcement comes at a time when Indian airlines are reeling under high jet fuel prices amid war in West Asia.