Dear Sir,
Please clarify in respect of GST Credit in case of Air Travel Tickets-Domestic/International.
As per news of Times of India, it is available in case of Business class only. No credit will be allowed in case of Economy class tickets. Please confirm about it . What is notification/circular for this rule ?
Can there be any mechanism to take GST credit in case of Air travel tickets ?
Thanks,
CA Gorav Goyal
GST input tax credit for air travel: entitlement questioned; no circular found limiting credit to business class. Whether input tax credit (ITC) under GST is available for air travel tickets and whether any circular limits ITC to business-class travel is queried. Respondents assert there is no known circular restricting ITC to business class and opine that ITC should also be available for economy-class tickets, but no specific statutory provision or notification is cited. (AI Summary)