Saturday, January 20, 2018

Udan: Viability Gap Funding to Get 3-Year Exemption from GST

The GST Council, on 19 January, decided to provide a three-year GST exemption for viability gap funding given under the regional air connectivity scheme.

The scheme, also known as UDAN (Ude Desh ka Aam Naagrik) seeks to connect unserved and underserved airports as well as make flying more affordable. The participating airlines are eligible for VGF subject to certain conditions.

The Council meeting, chaired by Finance Minister Arun Jaitley, has recommended the issuance of certain clarifications on issues, relating to GST rates and taxability of certain goods and services.
The GST Council, on 19 January, decided to provide a three-year GST exemption for viability gap funding given under the regional air connectivity scheme.

The scheme, also known as UDAN (Ude Desh ka Aam Naagrik) seeks to connect unserved and underserved airports as well as make flying more affordable. The participating airlines are eligible for VGF subject to certain conditions.

The Council meeting, chaired by Finance Minister Arun Jaitley, has recommended the issuance of certain clarifications on issues, relating to GST rates and taxability of certain goods and services.
20/01/18 PTI/Quint

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