Hyderabad: The Telangana government is keen on making Hyderabad an
aviation hub by slashing taxes on airline fuel -a move that is expected
to lure airlines into moving a bulk of their operations to the city.
The value-added tax on jet fuel currently stands at 16% and slashing it to 4% will make Telangana among the few Indian states to do so. States that reduced tax on jet fuel include Gujarat, Orissa, Madhya Pradesh, Chhattisgarh and West Bengal.
The government expects the move to help Hyderabad attract players in the Indian aviation sector, which is going through turbulent times, to choose the city as the centre for their operations.
Read news in full 14/07/14 Economic Times
The value-added tax on jet fuel currently stands at 16% and slashing it to 4% will make Telangana among the few Indian states to do so. States that reduced tax on jet fuel include Gujarat, Orissa, Madhya Pradesh, Chhattisgarh and West Bengal.
The government expects the move to help Hyderabad attract players in the Indian aviation sector, which is going through turbulent times, to choose the city as the centre for their operations.
Read news in full 14/07/14 Economic Times
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