Govt cuts GST rate for domestic MRO services
The Goods and Services Tax (GST) rate for domestic maintenance, repair & overhaul (MRO) services has been cut to 5% from 18% to meet the increasing demand in the aviation sector, Minister of State in the Ministry of Civil Aviation Gen VK Singh (Retd) said in a written reply in the Rajya Sabha on Monday.
Sigh further also has said that reducing Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) has been taken up with the states and the union territories. A total of 11 states/UTs have reduced the VAT on ATF to below 5%.
