No GST on import of aircraft, its parts on lease
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).
\nThe 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.
\nIts concerns were raised by the civil aviation ministry befo<\/p>\n
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