fbpx

Old Tax System vs GST

Old Tax System vs. GST

Old Tax System vs. GST

gst vs old

 

The Services Tax is applicable on all bookings made; be it for the economy class or for business class. Tax rate under the VAT regime is:

ticket prices for airlines under vat regime

Under the new regime, the GST Council has lowered the tax rate for economy class flight tickets to 5%. However, the business class tickets will attract a higher tax at 12% after GST implementation from 1 July. Thus, the revised scenario will be:

ticket prices for airlines under GST regime

gst vs old

IRCTC Agent Registration Form

Traveliq