GST exemption to foreign airlines will burnish India’s image: IATA director general
Willie Walsh, director general of International Air Transport Association (IATA) said.
Giving a major relief to foreign airlines, the Goods and Services Tax (GST) Council on Monday decided to exempt import of services by an establishment of a foreign airline. The relief was given citing that Indian carriers get similar tax benefits abroad.
“The issue was becoming concerning for the airlines. But with this change in regulation, it looks to be very optimistic for India,” Walsh said on the sidelines of the Asia Pacific Ministerial Conference on Civil Aviation being held at New Delhi.
Walsh said that this will burnish India’s image among the global aviation industry.
Earlier major foreign airlines including Emirates, British Airways and Lufthansa were served notices over the past few days over import of services by Indian branch offices as airlines were not covered by a circular on valuation of supply of import services by a related person, where the recipient is eligible for full input tax credit.
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