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MRO GST
MRO services in India to grow to USD 5.7 billion by 2030The future is bright for India's aviation maintenance industry, set to experience unprecedented growth. Projections indicate that MRO servi...- PM Modi to inaugurate Safran Aircraft Engine Services India facility on WednesdayPrime Minister Narendra Modi will virtually inaugurate Safran’s new aircraft engine MRO facility in Hyderabad on Wednesday. The LEAP-engine...
- Not just 'Make in India' - PM Modi wants global aviators to 'Design in India' tooPrime Minister Modi urged global aviation firms to invest in aircraft design and manufacturing in India, citing the nation's liberal invest...
- 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...
- Budget 2025: India's aviation sector has wings, but airlines can't fly highUnion Budget 2025: Budget 2025 has the potential to address India's struggling aviation sector through strategic investments, policy reform...
- India's youngest minister Ram Mohan Naidu aims to transform civil aviation sectorIndia's civil aviation sector has witnessed remarkable growth, with the number of airports and daily passengers doubling since 2014. The go...
- Govt introduces new reforms to strengthen MRO sector, says civil aviation minister Rammohan NaiduA key reform is the new GST rate of 5% on all aircraft components and engines, effective July 15, 2024. This replaces the previous range of...
- Budget announcement to give a boost to engine overhaul business of MROsThe Indian government's extended period for exporting goods imported for repairs benefited Safran's plan to establish an MRO unit. The cons...
- Govt implements uniform 5% tax for all aircraft, aircraft engine partsIndia has implemented a uniform 5% tax on all imports of aircraft components and engine parts starting immediately, replacing varying rates...
- 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 ...
- Safran to set up its largest aircraft engine MRO in IndiaThe French engine-maker will invest up to $200 million in the MRO facility, Olivier Andriès told reporters on the sidelines of an event. Co...
- 5 years of GST: For shipping and logistics, some key matters addressed, but still not smooth sailingUnder GST, the registrations got decentralised at the state level as against the earlier centralized service tax registration – thus increa...
- Govt cuts GST rate for domestic MRO servicesThe Goods and Services Tax (GST) rate for domestic maintenance, repair & overhaul (MRO) services has been cut to 5% from 18% to meet the in...
- Government announces new MRO policy for civil aviation space; seeks to attract investmentsAt present, most of the MRO (Maintenance, Repair and Overhaul) work is done outside India. The government has chosen 8 airports for MRO act...
- CBIC notifies five percent GST for DEC tablets, MRO services for shipsDEC tablets are used for treatment of Lympahtic Filarisis, an endemic, the elimination programme of which is being conducted in collaborati...
- 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 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...
- Aviation stocks go up on GST cut buzzAt present, the MRO industry is taxed at 18 per cent, making aircraft servicing in India costlier than other countries.
- 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 ...
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