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of <h1>Aircraft Taxation: 5% IGST or 2.5% CGST & SGST for Non-Personal Use; Excludes Schedule III Items, per Notification 18/2021.</h1> Goods classified under codes 8802 or 8806, specifically aircraft such as helicopters and airplanes, are subject to a tax rate of IGST at 5% or a combination of CGST at 2.5% and SGST/UTGST at 2.5%. This applies to aircraft not intended for personal use, excluding items listed under Sl. No. 383 in Schedule III. The tax rates were amended by Notification No. 18/2021-Integrated Tax (Rate) effective from January 1, 2022. Prior to this amendment, the description did not specify exclusions related to Schedule III.
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