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GST ON AIRCRAFT SERVICES
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...- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- Jet, Set, Go: Check GST rates on private aircraft, yachts and premium travelLuxury flying and sailing will cost more from September 22. The GST Council is increasing taxes on private planes, yachts, and high-end tra...
- Indian aircraft maintenance, repair & overhaul business to see 50% topline growth in FY26: CrisilThe Indian aircraft MRO industry is set for a 50% growth to Rs 4,500 crore by FY26 due to increased demand from expanding airline fleets. R...
- GST body tightens flyer data sharing rule for airlinesThe Central Board of Indirect Taxes has mandated that aircraft operators transfer passenger data both before 24 hours of departure and at w...
- GST clarification to make Indian MRO industry competitiveThe GST Council's recent decision to implement a uniform 5% tax rate on imports of aircraft parts and components is set to benefit India's ...
- High GST rate on aircraft engine components forcing P&W to go abroad for engine maintenanceIn February, Pratt & Whitney (P&W), which has supplied its Geared Turbo Fan (GTF) engines in large numbers to IndiGo and GoAir for their Ai...
- GST trouble for aviation, hospitality and travel companiesAs per the GST framework, the burden of tax payments on certain services and raw materials used in the input or making of the product is on...
- GST rates for mobile phones, matchsticks, MRO services notifiedMobile phones will be charged 18% GST from April 1, compared to 12% earlier, while all kinds of matchsticks will be charged a 12% GST versu...
- All you need to know from the 39th GST Council meetAddressing the media after the meeting, Finance Minister Nirmala Sitharaman also said that a better GSTN system to be ensured by Infosys by...
- GST on jet fuel: Airlines can earn Rs 5,220 crore input tax creditThese assessments were given to the ministry of civil aviation last week in a presentation by top executives at Indian carriers. The meetin...
- Aviation MRO companies want 18% GST scrappedThe industry has made a representation to the aviation ministry seeking an exemption from GST, arguing that it makes servicing aircraft in ...
- 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...
- Clarity on GST over aircraft imports soonApart from Air India, one aircraft each of IndiGo, Vistara and AirAsia India are stuck because of the confusion, as are planes of other air...
- IndiGo, Vistara and AirAsia India fail to use imported aircraft as confusion lingers on GST lease rulesThe customs and excise department has sought a 5% levy on the total cost of the aircraft and another 5% GST on lease rentals. The airlines ...
- No GST on import of aircraft, its parts on leaseThe aviation industry had been asking for relief as it was facing a dual levy of 5 per cent at the time of import and another 5 per cent at...
- 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: 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...
- 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...
- Airlines may have to bear additional tax burden of Rs 15,000 crore under GSTThe additional tax burden may push airlines, most of which have turned profitable, into losses again, coming as it does at a time when glob...
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