Aviation Ministry has abandoned the idea of postponing the Goods & Services Tax (GST) rollout date after a meeting with all the aviation stakeholders.
Jayant Sinha, Minister of State for Civil Aviation, on Thursday said that the aviation authority is ready for the July 1 roll-out.
“Concerns were satisfactorily addressed,” Sinha said in a tweet. On Wednesday, the ministry held a discussion with all stakeholders, including airlines and airport on preparedness for GST.
Earlier this week, the Civil Aviation ministry in a letter had requested the Finance Ministry to postpone the GST roll-out date by two months as airlines needed more refurbishing-time in order to comply with the new tax regime.
The Goods and Services tax (GST), aiming to integrate all indirect taxes, is set to be implemented from July 1 as of now.
Although, the Aviation Ministry did do a U-turn on its decision, the problems faced by airlines are concerning.
16/06/17 Moneycontrol.com
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Jayant Sinha, Minister of State for Civil Aviation, on Thursday said that the aviation authority is ready for the July 1 roll-out.
“Concerns were satisfactorily addressed,” Sinha said in a tweet. On Wednesday, the ministry held a discussion with all stakeholders, including airlines and airport on preparedness for GST.
Earlier this week, the Civil Aviation ministry in a letter had requested the Finance Ministry to postpone the GST roll-out date by two months as airlines needed more refurbishing-time in order to comply with the new tax regime.
The Goods and Services tax (GST), aiming to integrate all indirect taxes, is set to be implemented from July 1 as of now.
Although, the Aviation Ministry did do a U-turn on its decision, the problems faced by airlines are concerning.
16/06/17 Moneycontrol.com
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