Notification No: 07/2024-Central Tax (Rate),
07/2024-Integrated Tax (Rate),
07/2024-Union Territory Tax (Rate)
Notification Date: 8th October 2024
Relevant Act / Rule: Goods and Service Tax Act, 2017
The CBIC has issued Notification No. 07/2024-Central Tax (Rate), which specifies a change in the GST rate for the transport of passengers by helicopter services on a sharing basis.
The new rate is 5% (2.5% CGST + 2.5% SGST), provided that input tax credit on goods used in supplying the service has not been taken. This notification will be effective from October 10, 2024.
Notification link: https://taxinformation.cbic.gov.in/view-pdf/1010184/ENG/Notifications
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.