Bihar flights may decrease in fare! State government took this big decision regarding VAT

0


Photo: India tv For flights under the Regional Contact Scheme (RCS), the VAT rate remains unchanged at 1%.

The fare of visiting Bihar is expected to decrease in the coming days. In fact, the Bihar government has taken a historic step on the aviation turbine fuel (ATF) to reduce VAT from 29% to 4% on the Aviation Turbine Fuel (ATF). The Bihar cabinet has taken this decision on Tuesday. This information was given by Sanjay Kumar Jha, senior leader of Janata Dal (United). In this post written on social media platform X, he expressed happiness over the Bihar government’s decision.

Air travel can become more accessible and economical

According to the news, after today’s decision, however, for flights under the Regional Contact Scheme (RCS), the VAT rate remains unchanged at 1%. Jha said that the Honorable Chief Minister for this progressive decision – will encourage more airlines to operate more airlines in the state and make air travel more accessible and economical. He said that this reform is expected to increase the number of flights from Patna, Darbhanga and Gaya. This will increase Bihar’s air connectivity and open new avenues for tourism, trade and development.

Revenue will increase and employment will be generated

In the meeting of the Bihar government’s cabinet chaired by Chief Minister Nitish Kumar, the proposal of the Commercial Tax Department was approved, which proposed to reduce VAT on ATF to attract more commercial flights. Bihar Deputy Chief Minister Emperor Chaudhary said that this decision of the cabinet will further reduce air ticket prices and will also attract more commercial flights in the state, this will increase the revenue of the state and also create employment.

What is ATF

Aviation turbine fuel ie ATF is used to provide strength to jets and turbo-app engines aircraft. It maintains low viscosity at low temperatures, fulfills fixed limits in density and calorie values. Clean burns, and remains chemically stable when heated at high temperatures. Kerosene was used to fuel the first turbine engine. The fuel of kerosene-type was chosen as the best combination of properties. Civil and commercial aviation are currently in two main grade use of turbine fuel: Jet A-1 and Jet A, Kerosene. Jet is another grade of fuel, jet B, which is a broad cut kerosene (mixture of gasoline and kerosene), but is rarely used except for very cold weather.

Latest business news



Leave A Reply

Your email address will not be published.