Tripura reduces VAT on Aviation Turbine Fuel from 16 per cent to 1 per cent

Tripura Cabinet has decided to reduce the share of Value-Added Tax (VAT) levied on Aviation Turbine Fuel from 16 per cent to 1 per cent expecting better air traffic at Maharaja Bir Bikram Airport Agartala soon after it gets the international airport status.

“It is expected that the international airport status will be accorded to the airport as construction works are almost complete,” information and cultural affairs minister Sushanta Chowdhury told reporters on Tuesday.

Addressing a press conference, the minister said, “with this deduction of the state’s share of VAT on ATF, Tripura government will bear an annual loss of Rs 1.67 crore.”