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<h1>CGST Amendment: New 2.5% Tax Rate for Air Passenger Transport by Helicopter, No Input Tax Credit Allowed.</h1> Notification No. 07/2024-Central Tax (Rate) issued by the Ministry of Finance amends Notification No. 11/2017-Central Tax (Rate) concerning the Central Goods and Services Tax Act, 2017. Effective from October 10, 2024, the amendment introduces a new item under serial number 8 in the notification's table, specifically item (ivb), which pertains to the transportation of passengers by air in a helicopter on a seat share basis, with a CGST rate of 2.5%. The input tax credit on goods used for supplying this service is not allowed.