https://www.taxtmi.com/news?id=18544 GST differentiates air ticket tax treatment by class: economy class tickets carry a lower, non-creditable GST for goods, while business and first class tickets carry a higher GST with input tax credit available for goods and services procured by airlines. UDAN seats are taxed at the lower non-creditable rate on ticket value excluding government subsidies. RCS maximum fares are inclusive of GST and reimbursed at actuals from the Regional Connectivity Fund, so passenger fares on RCS seats remain unaffected. en-us Tue, 01 Aug 2017 17:53:21 +0530 Tue, 01 Aug 2017 17:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18544 GST differentiates air ticket tax treatment by class: economy class tickets carry a lower, non-creditable GST for goods, while business and first class tickets carry a higher GST with input tax credit available for goods and services procured by airlines. UDAN seats are taxed at the lower non-creditable rate on ticket value excluding government subsidies. RCS maximum fares are inclusive of GST and reimbursed at actuals from the Regional Connectivity Fund, so passenger fares on RCS seats remain unaffected. News - Tue, 01 Aug 2017 17:53:21 +0530 https://www.taxtmi.com/news?id=18544