Indian government introduces uniform 5% tax for aircraft and engine parts
On Monday (July 15), the Indian government has introduced a new uniform 5% Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engine parts to stimulate the domestic maintenance, repair and overhaul (MRO) industry. According to REUTERS news agency, the decision, which is effective immediately, is described as a crucial step forward […]
Indian government introduces uniform 5% tax for aircraft and engine parts Read More »