Searched for
GST IMPACT ON AIRLINES
Assam emerges as concert hub; Rs 700 crore opportunity seen in 5 yearsAssam is becoming a top live entertainment hub in India. Progressive policies and infrastructure are boosting the economy and tourism. A re...- Indians may be roaming closer to home because of a war far awayIndia Tourism Sector and Iran War: Prime Minister Modi's call to curb foreign travel for a year aims to boost domestic tourism, conserve fo...
- Maharashtra reduces VAT on jet fuel from 18% to 7%Aviation Turbine Fuel tax cut in Maharashtra offers relief to airlines. The state government reduced Value Added Tax to 7% from 18% until N...
- The energy shock at 35,000 feet is burning a hole in your pocketAs aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules be...
- IndiGo shares drop 5% as Motilal Oswal cuts target price on higher fuel costs, other headwindsShares of IndiGo parent InterGlobe Aviation fell nearly 5% on Friday as elevated oil prices and Middle East tensions pressured aviation sto...
- IndiGo receives Rs 458 cr GST penalty order, airline calls it 'erroneous'IndiGo's parent company, InterGlobe Aviation, has received a Goods and Service Tax demand notice. The notice includes a penalty of Rs 458.2...
- IndiGo shares in focus on facing Rs 115.87 crore tax penaltiesIndiGo share price: A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi S...
- First meeting with Hardeep Singh Puri: Airlines, govt discuss unsustainable faresGovernment sources said that the airlines did bring up the issue of aggressive pricing on several routes that becomes unsustainable.
- Anti-profiteering authority seeks inputs from Airtel, Indigo on GST benefitsTaking suo-moto cognisance, the Authority has asked the market leaders in the telecom and aviation sectors to calculate the input tax credi...
- Domestic air fares may rise as airlines claim GST raised cost of operationsThe new levies can wipe off the profits earned by airlines. IndiGo, Jet Airways, SpiceJet — made a profit of Rs 2,479 crore in the year end...
- How GST will impact a common man's budgetIn terms of impact in prices, while services would mostly be more expensive in the initial phases, impact on prices of goods could be a mix...
- GST regime: Relief over lower levy on economy air ticket may endWhile the GST rate on economy class air tickets, at 5%, is about 1 percentage point lower than earlier taxes, it is about 4 percentage poin...
- GST benefits: Companies need to provide information to airlines for business class ticketsGST framework, which came into effect from July 1, provides for certain input tax credit only on business class tickets and there is no suc...
- GST: Airlines want better deal for economy classFor an airline 'input' means goods (aircraft, spares) and services (catering, ground handling, aircraft leasing) that it buys to provide an...
- Aviation sector to face teething problems due to GST: SpiceJet CMD Ajay SinghAjay Singh said his airline was "fully prepared" to usher in the indirect tax regime from July 1, and that airlines were working along with...
- With GST, airlines might face taxation air pocketsWhile the GST is set to be in place from July 1, lack of clarity on certain areas pertaining to airlines business have raised concerns of h...
- GST won't have major impact on air passenger growth: ICRAGST on the economy class air travel has been finalised at 5%, which is 100 basis points lower than the existing service tax rate while the ...
- GST to have minimal impact on CPI Index: Morgan StanleyThis is because a majority of the items in the CPI basket are likely to be taxed at a lower rate under the GST as compared to the existing ...
- Flying may get costlier under GST: AirlinesThe airline industry made a presentation before the GST Council this Tuesday where it pointed out that at present there is no tax or duty o...
- Airlines fear rise in costs because of GST, leading to higher ticket pricesCurrently, an airline needs to pay 6% service tax on economy class tickets and 9% on business class, which is transferred to the customer.
Load More
