 "Economy class air travel to attract 5% GST; business class 12%")
The growing aviation sector of India will get a boost once Goods and Service Tax (GST) is implemented as the tax rate on air travel would be 5 per cent, Finance Minister Arun Jaitley said on Friday.
This is lower than the prevailing rate as currently air travel attracts tax rate of 6 per cent and 9 per cent for economy and non-economy travel respectively.
“Considering that it is an essential mode of transport, taxation on airline services and railways has been kept at the minimum bracket of 5 per cent,” Jaitley said in a
