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Foreign airlines operating in India will not be liable to GST
Foreign airlines in India will not pay GST on services from head offices to branch offices. Academic institutions with research grants are exempt from GST. The rules start from October 10. Penalties and interests waived for taxpayers complying by March 31, 2025. Taxpayers can correct past input tax credit mistakes through a special window.Foreign airlines operating in India will not be liable to goods and services tax (GST) on services provided by the head office to a branch office, according to a government notification. Academic institutions that have received grants for research will also be exempt from GST, as per another notification.
he Central Board of Indirect Taxes & Customs (CBIC) issued several notifications to implement decisions taken at the 54th GST Council meeting. The new rules will be effective from October 10.
Foreign airlines, however, will require a certificate from the civil aviation ministry saying that the establishment of the foreign company in India is under the applicable bilateral air services agreement. The GST Council had recommended that past demands be regularized on "as is where is basis.
Source: Travel World.com
