GST Council's decision on tax related to foreign airlines a 'positive development': IATA

IATA chief Willie Walsh has commended India's decision to exempt foreign airlines from GST on imported services, resolving concerns over Rs 10,000 crore in tax demands. This development alleviates fears about its impact on India's aviation sector. The GST Council's recent ruling also regularizes past periods on an 'as is where is basis'.

Sep 11, 2024 - 23:30
GST Council's decision on tax related to foreign airlines a 'positive development': IATA

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IATA chief Willie Walsh has commended India's decision to exempt foreign airlines from GST on imported services, resolving concerns over Rs 10,000 crore in tax demands. This development alleviates fears about its impact on India's aviation sector. The GST Council's recent ruling also regularizes past periods on an 'as is where is basis'.
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