As aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules be...

Shares of IndiGo parent InterGlobe Aviation fell nearly 5% on Friday as elevated oil prices and Middle East tensions pressured aviation sto...

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 share price: A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi S...

Government sources said that the airlines did bring up the issue of aggressive pricing on several routes that becomes unsustainable.

Taking suo-moto cognisance, the Authority has asked the market leaders in the telecom and aviation sectors to calculate the input tax credi...

The 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...

In 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...

While 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 framework, which came into effect from July 1, provides for certain input tax credit only on business class tickets and there is no suc...

For an airline 'input' means goods (aircraft, spares) and services (catering, ground handling, aircraft leasing) that it buys to provide an...

Ajay Singh said his airline was "fully prepared" to usher in the indirect tax regime from July 1, and that airlines were working along with...

While 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 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 ...

This 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 ...

The 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...

Currently, an airline needs to pay 6% service tax on economy class tickets and 9% on business class, which is transferred to the customer.