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

IndiaTimes Wednesday, 11 September 2024
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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Video Credit: IANS INDIA - Published
News video: “Metal Scrap Now Under RCM in GST: Key Update from 54th GST Council Meeting” Jay Jhaveri

“Metal Scrap Now Under RCM in GST: Key Update from 54th GST Council Meeting” Jay Jhaveri 02:47

 MUMBAI: Jay Jhaveri, Partner Indirect Tax, Bhuta Shah & Co LLP says, "In 54th GST council crucial issues have been addressed. Metal scrap has been brought in ambit of RCM so any person who is registered in GST buying from an unregistered supplier will have to pay RCM on the same." #GST...

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