Tamil Nadu Cuts VAT on Aviation Turbine Fuel

• Tamil Nadu reduced VAT on aviation turbine fuel from 29% to 16% at Chennai airport.
• The VAT for scheduled airlines at other airports was reduced from 29% to 1%.
• For smaller aircraft (less than 40,000 kg), VAT was reduced from 5% to 1% at non-Chennai airports.
• The change was implemented to support the aviation sector.
• The move has been praised by the central government and industry stakeholders.