‘GST To Hit Aviation Sector By Rs 5,700 Cr A Year’

The aviation industry will take a annual hit of Rs 5,700 crore following the implementation of the Goods and Services Tax (GST), domestic airlines told the Finance Ministry recently.

The Federation of Indian Airlines (FIA), which represents IndiGo, SpiceJet, Jet Airways and GoAir, made a presentation before top Finance Ministry officials on September 27 on behalf of the entire airline industry, saying guideline principles of the new indirect system — revenue neutrality and equity — have been violated by the GST.

“The airline industry will be hit by Rs 5,700 crore per annum and the GST will make the flourishing sector sick. The Indian carriers will become globally uncompetitive as it will give huge benefit to competing airlines, especially from the Gulf,” the airlines said in their submission to the Finance Ministry. Read More…

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