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GST Hike on premium air travel sparks IATA concern - TravelBiz Monitor: India travel news, travel trends, tourism
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GST Hike on premium air travel sparks IATA concern - TravelBiz Monitor: India travel news, travel trends, tourism
The GST Council has announced an increase in the Goods and Services Tax on premium economy, business, and first-class airline tickets from 12% to 18%. This change will not affect economy class fares, which remain under the current tax rate. The move is expected to make premium travel more expensive, potentially influencing passenger preferences and demand for higher-class services. The International Air Transport Association (IATA) has expressed…
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