News Details- (Get Professional Updates on Whatsapp, Msg on
8285393786) More
News
Aviation Ministry seeks GST roll out in September, writes to FinMin
The Civil Aviation Ministry has requested the Finance Ministry to defer the rollout of the Goods and Services Tax to September, reports the Hindu. The airlines claim it will be difficult for them to make the switch to the new indirect tax regime by July, when the GST is set for a pan-India implementation.
At the heart of airlines' request lies their difficulty in changing the global ticketing system, which is being used by travel agents to book tickets, in such a short time.
“We have asked the Finance Ministry to give further time for implementation of GST, expressing the airlines’ view that effecting a change in the global ticketing system would require time,” a senior Aviation Ministry official told the Hindu. This official added that the letter to the Finance Ministry was sent on Monday.
A few domestic airlines, including the state-owned carrier Air India and Jet Airways, feel they need additional time to change the system before they could on-board GST properly.
The government is determined to keep its July date for GST rollout. On Monday, Revenue Secretary Hasmukh Adhia had tweeted saying rumours claiming a different date for GST rollout are not to be believed.
The aviation ministry has also asked for equal treatment of direct international flights and connecting flights with regards to taxes.
The official mentioned that, in a letter to Revenue Secretary Hasmukh Adhia, the Aviation Ministry has expressed concern that the GST structure would give more advantage to foreign carriers than the domestic ones regarding international travels and input tax credit. The input tax credit for the economy class is only effective on services, and not goods.
There has been constant speculation about the implementation date of GST. Several sections of the industry have been complaining about shortage of time along with the West Bengal government.#casansaar (Source - MoneyControl)
At the heart of airlines' request lies their difficulty in changing the global ticketing system, which is being used by travel agents to book tickets, in such a short time.
“We have asked the Finance Ministry to give further time for implementation of GST, expressing the airlines’ view that effecting a change in the global ticketing system would require time,” a senior Aviation Ministry official told the Hindu. This official added that the letter to the Finance Ministry was sent on Monday.
A few domestic airlines, including the state-owned carrier Air India and Jet Airways, feel they need additional time to change the system before they could on-board GST properly.
The government is determined to keep its July date for GST rollout. On Monday, Revenue Secretary Hasmukh Adhia had tweeted saying rumours claiming a different date for GST rollout are not to be believed.
The aviation ministry has also asked for equal treatment of direct international flights and connecting flights with regards to taxes.
The official mentioned that, in a letter to Revenue Secretary Hasmukh Adhia, the Aviation Ministry has expressed concern that the GST structure would give more advantage to foreign carriers than the domestic ones regarding international travels and input tax credit. The input tax credit for the economy class is only effective on services, and not goods.
There has been constant speculation about the implementation date of GST. Several sections of the industry have been complaining about shortage of time along with the West Bengal government.#casansaar (Source - MoneyControl)
Category : GST | Comments : 0 | Hits : 591
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
Search News
News By Categories More Categories
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000

Comments