gst vs old 1

Old Tax System vs GST

Old Tax System vs. GST

Old Tax System vs. GST

gst vs old 1

 

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

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