Friday, July 07, 2017

Civil Aviation Ministry reiterates concerns with Revenue Secretary: Sources

Indian airlines still await clarity on the impact of new tax regime - goods and services tax (GST) - that was rolled out from July 1. Sources tell CNBC-TV18 that the Civil Aviation Ministry has once again taken up issues raised by the airlines ranging from dual taxation on aircraft lease and import to absence of input tax credit on the economy class tickets with the revenue department. CBEC Commissioner Sanjeev Srivastav told CNBC-TV18 on the GST Helpline that some clarification is likely shortly.
07/07/17 CNBC-TV18/moneycontrol