Air Travel Taxes
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Domestic Air Travel To Turn Costlier From June 1: Ministry
Flights within the country are set to become costlier as the Ministry of Civil Aviation (MoCA) has decided to raise the lower limit on domestic airfares from 13 per cent to 16 per cent, which will come into effect from June 1.
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Sweden Introduces Eco-Friendly Aviation Tax
Sweden introduced a new aviation tax on Sunday that will add an extra charge to all passenger flights from the country in a bid to lessen air travel's impact on the climate.
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PM Modi Tax Breaks Fire Up India's $704 Million Plane Care Market
Air Works, which is aiming to conduct an initial public offering in three years, is among companies that could benefit from a surge in air travel in India, an aviation market poised to become the world's third largest by 2025.
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Delhi High Court Rejects Jet Airways' Plea For Tax Refund On Carrying Sky Marshals
Jet Airways' plea for refund of Rs 2.36 crore inland air travel tax or IATT paid for carrying sky marshals on its aircraft from October 2001 to October 2003 has been rejected by the Delhi High Court, which said the airline was exempted from the tax only after October 8, 2003
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Air Tickets: Companies Need To Provide Info To Airlines For GST Benefits
After submission of the details, the airlines would generate GST invoice for the particular travel and that invoice can be used to claim the benefits.
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TV, AC To Cost More, Smartphones To Be Cheaper Under GST
Aerated drinks and consumer durables like televisions, air-conditioners, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper when the Goods and Services Tax or GST is implemented from July.
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GST Impact On Air Travel To Be Marginal, Says ICRA
"With airlines generating a major portion of their revenues from economy class, disallowance of input tax credit on inputs (excluding services) for economy class will result in an additional cost to them," said ICRA AVP and Co-Head, Corporate Sector Ratings, Kinjal Shah.
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Economy Class Air Travel Set To Become Cheaper From July 1
However, for those travelling business class, tickets will become dearer as the tax will go up from 9 per cent to 12 per cent.
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GST: Telecom, Business Class Airfare Costly; Education, Healthcare Exempt
Transport services will be taxed at 5 per cent leading to a small drop in economy class air travel which currently attracts 6 per cent service tax.
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How Much Will You Pay To Eat Out? GST Council Fixes Service Tax Rates
The Goods and Services Tax (GST) Council on Friday fixed the tax slabs that will kick in when India's biggest tax reform comes into force from 1 July in a way that will make sure that the new tax rates do not raise prices. The council has told the government to exempt healthcare and education from the new tax that will replace a bundle of central a...
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Union Budget 2017: Get Ready To Pay More For Dining Out, Air Travel, Phone Bills
A service tax rate closer to the GST rate will help consumers avoid a greater price shock when the new national sales tax is rolled out.
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Rs 2,500 For One-Hour Flights: Government's New UDAN Aviation Scheme
To boost air travel between smaller cities, fares for one-hour flights will be capped at Rs 2,500 in the new UDAN scheme that is likely to launch in January.
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GST Impact: Cars, FMCG Items To Get Cheaper, Services More Expensive
Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper once Goods and Services Tax or GST is rolled out next year, but mobile phones, banking and insurance services, telephone bills as well as air travel will be dearer due to higher tax.
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GoAir Offers Discounted Fares From Rs 691
No-frills carrier GoAir on Saturday rolled out three discounted ticket schemes to its customers for a limited period including offering one-way fares starting as low as Rs 691 excluding taxes for travel between January 1 and September 30 next year.
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Swachh Bharat Cess: Eating Out, Telephony Gets Costlier
Eating out, telephony and travel will become expensive from Sunday with the government imposing a 0.5 per cent 'Swachh Bharat' cess on taxable services which is expected to yield about Rs 3,800 crore to the exchequer in the remaining months of the fiscal year.
-
Domestic Air Travel To Turn Costlier From June 1: Ministry
Flights within the country are set to become costlier as the Ministry of Civil Aviation (MoCA) has decided to raise the lower limit on domestic airfares from 13 per cent to 16 per cent, which will come into effect from June 1.
-
Sweden Introduces Eco-Friendly Aviation Tax
Sweden introduced a new aviation tax on Sunday that will add an extra charge to all passenger flights from the country in a bid to lessen air travel's impact on the climate.
-
PM Modi Tax Breaks Fire Up India's $704 Million Plane Care Market
Air Works, which is aiming to conduct an initial public offering in three years, is among companies that could benefit from a surge in air travel in India, an aviation market poised to become the world's third largest by 2025.
-
Delhi High Court Rejects Jet Airways' Plea For Tax Refund On Carrying Sky Marshals
Jet Airways' plea for refund of Rs 2.36 crore inland air travel tax or IATT paid for carrying sky marshals on its aircraft from October 2001 to October 2003 has been rejected by the Delhi High Court, which said the airline was exempted from the tax only after October 8, 2003
-
Air Tickets: Companies Need To Provide Info To Airlines For GST Benefits
After submission of the details, the airlines would generate GST invoice for the particular travel and that invoice can be used to claim the benefits.
-
TV, AC To Cost More, Smartphones To Be Cheaper Under GST
Aerated drinks and consumer durables like televisions, air-conditioners, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper when the Goods and Services Tax or GST is implemented from July.
-
GST Impact On Air Travel To Be Marginal, Says ICRA
"With airlines generating a major portion of their revenues from economy class, disallowance of input tax credit on inputs (excluding services) for economy class will result in an additional cost to them," said ICRA AVP and Co-Head, Corporate Sector Ratings, Kinjal Shah.
-
Economy Class Air Travel Set To Become Cheaper From July 1
However, for those travelling business class, tickets will become dearer as the tax will go up from 9 per cent to 12 per cent.
-
GST: Telecom, Business Class Airfare Costly; Education, Healthcare Exempt
Transport services will be taxed at 5 per cent leading to a small drop in economy class air travel which currently attracts 6 per cent service tax.
-
How Much Will You Pay To Eat Out? GST Council Fixes Service Tax Rates
The Goods and Services Tax (GST) Council on Friday fixed the tax slabs that will kick in when India's biggest tax reform comes into force from 1 July in a way that will make sure that the new tax rates do not raise prices. The council has told the government to exempt healthcare and education from the new tax that will replace a bundle of central a...
-
Union Budget 2017: Get Ready To Pay More For Dining Out, Air Travel, Phone Bills
A service tax rate closer to the GST rate will help consumers avoid a greater price shock when the new national sales tax is rolled out.
-
Rs 2,500 For One-Hour Flights: Government's New UDAN Aviation Scheme
To boost air travel between smaller cities, fares for one-hour flights will be capped at Rs 2,500 in the new UDAN scheme that is likely to launch in January.
-
GST Impact: Cars, FMCG Items To Get Cheaper, Services More Expensive
Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper once Goods and Services Tax or GST is rolled out next year, but mobile phones, banking and insurance services, telephone bills as well as air travel will be dearer due to higher tax.
-
GoAir Offers Discounted Fares From Rs 691
No-frills carrier GoAir on Saturday rolled out three discounted ticket schemes to its customers for a limited period including offering one-way fares starting as low as Rs 691 excluding taxes for travel between January 1 and September 30 next year.
-
Swachh Bharat Cess: Eating Out, Telephony Gets Costlier
Eating out, telephony and travel will become expensive from Sunday with the government imposing a 0.5 per cent 'Swachh Bharat' cess on taxable services which is expected to yield about Rs 3,800 crore to the exchequer in the remaining months of the fiscal year.
