{"id":462333,"date":"2022-01-18T09:51:53","date_gmt":"2022-01-18T04:21:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462333"},"modified":"2022-01-18T10:12:39","modified_gmt":"2022-01-18T04:42:39","slug":"pandemic-hit-airline-industry-wants-suspension-of-mat-reduction-in-tax-for-sector-in-budget-2022","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pandemic-hit-airline-industry-wants-suspension-of-mat-reduction-in-tax-for-sector-in-budget-2022\/","title":{"rendered":"Pandemic-hit airline industry wants suspension of MAT, reduction in tax for sector in Budget 2022"},"content":{"rendered":"<p>India\u2019s domestic air travel posted its best month post start of the pandemic in November last year, but the Omicron variant has cut recovery short. The government had decided to allow regular international flights to and from India starting December, but the order was rescinded due to the rise in infections. Domestic passenger numbers plummeted 25% in the first week of January. Rising fuel prices are set to further stress the sector, as fuel accounts for up to 45% of the cost of operations for airlines in India. Mihir Mishra reports. <\/p>\n<p>BUDGET RECOMMENDATIONS <\/p>\n<p>1. Bringing fuel under GST (Decision to bring jet fuel under GST can be taken by the GST Council though<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s domestic air travel posted its best month post start of the pandemic in November last year, but the Omicron variant has cut recovery short. The government had decided to allow regular international flights to and from India starting December, but the order was rescinded due to the rise in infections. Domestic passenger numbers plummeted 25% in the first week of January. Rising fuel prices are set to further stress the sector, as fuel accounts for up to 45% of the cost of operations for airlines in India. Mihir Mishra reports. BUDGET RECOMMENDATIONS 1. Bringing fuel under GST (Decision to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-462333","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=462333"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462333\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}