States not in favour of bringing ATF under GST: Finance Minister Nirmala Sitharaman
Jaisalmer: Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.
“States did not feel comfortable. They didn’t want the ATF because they saw it as part of the crude petroleum diesel basket & therefore they said that it alone cannot be taken out, and therefore that continues to remain where it is today,” she said while briefing media on outcome of 55th GST Council meeting here. Besides, she said, no decision was taken with regard to reduction in GST on insurance premiums as Group of Ministers needed more time to study the issue.
Many inputs are awaited including the one from insurance regulator IRDAI, she said. Sitharaman provided clarity on several important matters, including taxes on food and non-food items, and taxes on the sale of electric vehicles.
