Customs Assessment Portal centralises classification and valuation guidance to support consistent, transparent and informed compliance across stakehol...
GST refunds for cancelled air tickets remain available when passenger reimbursements defeat unjust enrichment and credit-note adjustment is unavailabl...
The notification amends serial number 8 of the Integrated Goods and Services Tax (IGST) rate notification. It inserts a new item (ivb) under column (3) for "Transportation of passengers, with or without accompanied baggage, by air, in a helicopter on seat share basis" with a rate of 5% under column (4). However, input tax credit on goods used for providing this service cannot be availed as per the condition in column (5). The amendment also inserts a reference to the new item (ivb) in column (3) of item (vii). The notification comes into force from October 10, 2024.
The notification amends serial number 8 of the Integrated Goods and Services Tax (IGST) rate notification. It inserts a new item (ivb) under column (3) for "Transportation of passengers, with or without accompanied baggage, by air, in a helicopter on seat share basis" with a rate of 5% under column (4). However, input tax credit on goods used for providing this service cannot be availed as per the condition in column (5). The amendment also inserts a reference to the new item (ivb) in column (3) of item (vii). The notification comes into force from October 10, 2024.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
