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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...- GST dept issues tax demand of Rs 124 crore to Spicejet, slaps showcause notice for delay in return filingThe GST department has levied a significant tax demand of Rs 124.65 crore on SpiceJet. This action follows the airline's failure to file Go...
- 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...
- Delhi cuts VAT on aviation turbine fuel to 7% from 25%The Delhi government has significantly cut the Value Added Tax on Aviation Turbine Fuel. The tax on ATF will now be 7 percent, down from 25...
- 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...
- Relief for foreign airlines as Sitharaman-led panel exempts them from GST after DGGI issued demand notices worth Rs 10K crGST Foreign Airlines Tax Rates: The GST Council's 54th meeting in New Delhi decided to exempt foreign airline companies from GST on importe...
- 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...
- Jayant Sinha to meet airline chiefs to discuss tax issuesA proposal to bring ATF under the GST regime that will allow airlines to claim input tax credit from the government is among the issues lik...
- 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...
- Travel agents can take input tax credit on ticket sales: Air IndiaWith the implementation of the Goods and Services Tax (GST), there is ambiguity on whether a travel agent can take input tax credit.
- For a smooth takeoff: Corporate travellers must give employer details for tax creditGST invoices will be shared with the passengers’ companies monthly, which can then be used to claim GST benefits.
- Airlines ask corporate travellers to register their companies' GST number"Earlier too the companies could claim a tax credit for their employees corporate travel," said M Shivkumar, controller at Jet Airways.
- 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...
- We are prepared for GST from July 1: Civil Aviation MoS Jayant SinhaThe deferment has been sought as airlines are not yet ready with their systems to be in compliance with GST, according to a senior Civil Av...
- Civil aviation ministry seeks deferment of GST implementationAccording to a senior ministry official, the deferment has been sought as airlines are not yet ready with their systems to be in compliance...
- Bad news for flyers: Airlines may soon push up fares to lighten GST loadCarriers are concerned that increase in tax and likely reductions in input tax credits on economy class revenues could reduce operating fle...
- 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...
- 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.
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