Minister of State for Civil Aviation Jayant Sinha informed the Rajya Sabha in a written reply on Tuesday about the various implications of GST on air travel.
The tax rate for business and first class has been increased from 9 per cent to 12 per cent (with input tax creditable for both goods and services procured by airlines).
With regard to the UDAN Scheme, the applicable tax would also be 5 per cent (non-creditable for goods) on the value of the passenger ticket, excluding the subsidies provided by the Central government and the state governments, the Minister said.
02/08/17 India Blooms
To Read the News in full at Source, Click the Headline
The tax rate for business and first class has been increased from 9 per cent to 12 per cent (with input tax creditable for both goods and services procured by airlines).
With regard to the UDAN Scheme, the applicable tax would also be 5 per cent (non-creditable for goods) on the value of the passenger ticket, excluding the subsidies provided by the Central government and the state governments, the Minister said.
02/08/17 India Blooms
0 comments:
Post a Comment