No GST on import of aircraft, its parts on lease

Goods and Services Tax – GST – Dated:- 10-7-2017 – New Delhi, Jul 9 (PTI) The government has exempted the import of aircraft, aircraft engines and its parts procured on lease from the purview of the Goods and Services Tax (GST). The aviation industry had been asking for relief as it was facing a dual levy of 5 per cent at the time of import and another 5 per cent at the time of payment of lease rent. Its concerns were raised by the civil aviation ministry before the revenue department on severa

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Leave a Reply