The aviation had received a relief gasping for survival in the Covid-19 era. The Finance Minister had announced to make India a hub for Maintenance and Repair Overhaul (MRO) for aircraft. D AnandBhaskar, CEO of Air Works had said that presently, we have only 1% of the global MRO industry share. With the announcement for making India a hub, it means the engine, as well as the components, can be overhauled here once the infrastructure is in place. This step can create huge employment in India. Another announcement in this sector had also been made by lowering the rate of GST. The GST for the domestic sector of MRO has been slashed from 18% to 5% and the doing away with the 10% GST on international components.
Our Newsletter
Keep up on our always evolving product features and technology. Enter your e-mail and subscribe to our newsletter.
Latest
GST on Services provided by Charitable trusts registered under section 12A of Income Tax Act, 1961
Swayam, In re
Ruling by: Authority for Advance Ruling,...
Association of Inner Wheel Clubs of India, In re [11/WBAAAR/2018]
Ruling by: Appellate Authority for Advance Ruling, West Bengal
Facts
The...
Popular
GST on Services provided by Charitable trusts registered under section 12A of Income Tax Act, 1961
Swayam, In re
Ruling by: Authority for Advance Ruling,...
Association of Inner Wheel Clubs of India, In re [11/WBAAAR/2018]
Ruling by: Appellate Authority for Advance Ruling, West Bengal
Facts
The...
© 2024 Gstindiaguide.com