GST on aircrafts for personal use set at a higher specified rate under Schedule III following recent notification. GST is applied to aircrafts for personal use under Schedule III with the rate amended to GST at 40%, effective 22-09-2025, as set out in Notification No. ... Summary
GST on aircrafts for personal use set at a higher specified rate under Schedule III following recent notification.
GST is applied to aircrafts for personal use under Schedule III with the rate amended to GST at 40%, effective 22-09-2025, as set out in Notification No. 09/2025 - IGST(Rate) dated 17.09.2025. The notification places the specified tax rate within Schedule III, modifying the tax treatment applicable to privately used aircrafts from the stated effective date.
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