Tuesday, June 20, 2017

GST unlikely to impact ticket prices, airline industry

Mumbai: The onset of Goods and Services Tax (GST) with effect from 1 July 2017 is unlikely to impact airline ticket prices and the sector is fully prepared to implement it, according to Sinha.

"GST will be beneficial for the sector but prices will not be impacted due to it. The aviation sector is fully prepared for 1 July roll out of GST," Sinha said.

We had a meeting recently where we went through all of the issues. Many of the issues were clarified subsequent to that and we are going to be soon having another meeting where we will be providing further details and making sure that all systems are good for the roll out. We have been collaborating closely with the Ministry of Finance to make sure that everybody is ready for the rollout on 1 July, Sinha said.
20/06/17 Benny Antony/Deccan Herald