The onset of Goods and Services Tax (GST) with effect from 1 July 2017 is unlikely to impact airline ticket prices and the sector is fully prepared to implement it, according to Sinha.
"GST will be beneficial for the sector but prices will not be impacted due to it. The aviation sector is fully prepared for 1 July roll out of GST," Sinha said.
We had a meeting recently where we went through all of the issues. Many of the issues were clarified subsequent to that and we are going to be soon having another meeting where we will be providing further details and making sure that all systems are good for the roll out. We have been collaborating closely with the Ministry of Finance to make sure that everybody is ready for the rollout on 1 July, Sinha said.
All stakeholders including airlines, airports and cargo players, their queries and worries with regards to GST have been solved and I am confident of the rollout on 1 July without any problems, Sinha added.
"GST will be beneficial for the sector but prices will not be impacted due to it. The aviation sector is fully prepared for 1 July roll out of GST," Sinha said.
We had a meeting recently where we went through all of the issues. Many of the issues were clarified subsequent to that and we are going to be soon having another meeting where we will be providing further details and making sure that all systems are good for the roll out. We have been collaborating closely with the Ministry of Finance to make sure that everybody is ready for the rollout on 1 July, Sinha said.
All stakeholders including airlines, airports and cargo players, their queries and worries with regards to GST have been solved and I am confident of the rollout on 1 July without any problems, Sinha added.
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