Friday, June 30, 2017

IATA flags ‘information gaps’, seeks clarifications on GST

New Delhi: Global airlines body IATA today sought clarifications on the tax treatment of air travels under GST and claimed that there were “information gaps” regarding the implementation of the new tax regime.
The aviation ministry, too, had earlier sought postponement of the GST implementation by two months on the ground that airlines needed more time to revamp their systems to comply with the new tax regime.
In a u-turn, the ministry later said it was prepared for the GST roll-out from the stipulated date — July 1.
“There are still information gaps. We look forward to receiving the guidance notes to be provided by the GST Council,” said Country Director India of the International Air Transport Association (IATA) Amitabh Khosla in a press statement.
The body has sought clarification on “taxation treatment of continuous journeys” as the new taxation system is likely to make non-stop flights more expensive than stop-over flights.
29/06/17 PTI/