• Wednesday, August 10, 2022

Business

India’s GST on Overseas Tickets Breaches International Norms: IATA Chief

International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac (Photo Credit: FABRICE COFFRINI/AFP/Getty Images).

By: Radhakrishna N S

International Air Transport Association (IATA) Chief Alexandre de Juniac said levying Goods and Service Tax (GST) on international air tickets violates international airline norms and weaken the competitiveness of airlines. He was speaking at an International Aviation Summit in New Delhi on Tuesday (04). Speaking at the conference, de Juniac said GST on international air tickets violates norms setup by global aviation body, International Civil Aviation Organization (ICAO) and also weakens the competitiveness of airlines. GST rate is at five per cent for economy class whereas it is 12 per cent for business class tickets. “Global standard approaches can also…

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