IndiGo, SpiceJet shares in focus as gov to consider inclusion of ATF under GST regime
InterGlobe Aviation (IndiGo) and SpiceJet are likely to remain in focus today as the government, in its 55th GST Council meeting, may consider bringing ATF under the GST's ambit.
As ET reported earlier, the 55th GST Council meeting is likely to discuss the possibility of bringing aviation turbine fuel (ATF) under the Goods and Services Tax (GST) regime, a significant development for the aviation sector.
Incorporating ATF into the GST framework could deliver significant benefits to airlines, potentially boosting their operational efficiency and cost savings.
ATF, also known as Jet Fuel, is a clear and highly flammable petroleum distillate. It is delivered to parked airplanes and helicopters using specially designed refueling vehicles. Aircraft refueling is carried out by two techniques: Overwing and Underwing methods.
Union Finance Minister Nirmala Sitharaman, alongside representatives from all states and union territories, will convene the GST Council in Jaisalmer on December 21.
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Options Trading Course For Beginners
By — Chetan Panchamia, Options Trader
Stock Trading
Stock Investing Made Easy: Beginner's Stock Market Investment Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
ROC Made Easy:
