Source says Centre may lose 10.5 bln rupees/yr if ATF brought in GST

The Centre may end up losing about 10.50 bln rupees per annum in revenue, if aviation turbine fuel is brought under the ambit of goods and services tax at 18%, according to a note prepared by the Department of Revenue.   The government is looking to bring aviation turbine fuel under GST next financial year.   The introduction of jet fuel under GST will help stressed airlin…