GST drives price revision in civil aviation sector
DSIJ Intelligence / 26 Jul 2017
The implementation of GST has had an impact on airline tickets.
The implementation of GST has had an impact on airline tickets. The applicable tax rate on economy class passenger tickets has been reduced from 6% to 5% (non-creditable for goods), while the tax rate on business class has been increased from 9% to 12% with input tax creditable for both goods and services procured by airlines. This was announced by Minister of State for Civil Aviation Jayant Sinha on Tuesday.
Petroleum products including automatic transmission fluid (ATF) are presently outside the purview of GST.
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