Author: Sundeep Gupta, Lakshay Chhabra, ASA
In the intricate tapestry of modern economies, few industries hold as significant a role as the aviation sector. Beyond mere transportation of goods and passengers, airlines serve as vital conduits for global commerce, tourism, and connectivity. From facilitating trade to fostering cultural exchange, the importance of the airline sector reverberates across multiple facets of economic activity, contributing to growth, development, and prosperity. The Indian aviation market is estimated to be the world’s third-largest.
With the myriad of activities being undertaken by this sector, the impact of taxes, both direct and indirect, attain significance. This article attempts to capture the intricacies of GST on the various activities and transactions involving the aviation sector.
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