Govt likely to propose formula to bring ATF under GST

The government is likely to propose a formula to bring aviation turbine fuel (ATF) under the ambit of Goods and Services Tax (GST),  CNBC TV18  reported on February 21. The likely government proposal will be to allow 18 percent GST in addition to VAT or excise rate, the news channel learnt from sources, adding that the formula would be introduced only if its acceptable to all the st…