Social News XYZ     

Airlines require specific GST clarifications: IATA

Airlines require specific GST clarifications: IATANew Delhi, June 29 (IANS) The International Air Transport Association (IATA) on Thursday said that clarification on specific issues with respect to the application of the Goods and Services Tax (GST) will help the airline industry keep up with international standards and principles.

"Nonetheless there are still information gaps. We look forward to receiving the guidance notes to be provided by the GST Council, which will clarify various airline specific issues, such as the taxation treatment of continuous journeys, and other pressing matters," Amitabh Khosla, Country Director - India, IATA, said in a statement.

"On the air-cargo side, we believe that the levying of GST on cargo export services by air contradicts standard GST principles as well as the treatment of such services under the Service Tax regime. Clarification would help align this with international standards and principles."

 

According to IATA, it has supported airlines with GST compliance-related activities in the lead-up to implementation on July 1 2017.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments
Airlines require specific GST clarifications: IATA

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.