States not in favour of bringing ATF under GST: Sitharaman
States have rejected the proposal to bring aviation turbine fuel under the GST regime, citing its classification alongside crude petroleum and diesel. Decisions on GST reductions for insurance premiums and rate rationalization have been deferred, pending further analysis and input from stakeholders. The GST Council did, however, recommend rate adjustments for specific items like fortified rice kernels and gene therapy.
States have rejected the proposal to bring aviation turbine fuel under the GST regime, citing its classification alongside crude petroleum and diesel. Decisions on GST reductions for insurance premiums and rate rationalization have been deferred, pending further analysis and input from stakeholders. The GST Council did, however, recommend rate adjustments for specific items like fortified rice kernels and gene therapy.
