Connect with us


Airlines demands better deal for economy class under GST Regime



June 30, Friday : Airlines are demanding better deals under the Goods and services regime for economy class citing that business and first class have got much better deal with input tax credit, or the deductions for taxes paid on various inputs.

The council has decided 6% to 5%  tax for economy class but carrier companies are asking for more  better deals according to TOI.

Under the existing single tax regime, airlines can claim ITC only on their input services i.e goods (aircraft, spares) and services (catering, ground handling, aircraft leasing).

So, the 18 percent levied on catering and the 5% paid on aircraft lease rental can be reduced from the 5% GST on economy class fare, but not the basic customs duty and 5% GST paid on importing aircraft and spares.

The GST council has excluded aviation turbine fuel (ATF), which attracts around 40% of an airline’s operating cost and there is no tax credit on it.

Presently, carrier companies pay zero tax on import of goods (aircraft and aircraft spares) , but after implementation of  GST , the tax on an Airbus A320 worth $50 million will fall down to $2.5 million.

While For a Boeing 787, which costs around  $130 million, it will attract $6.5 million tax, a senior airlines official told TOI.

However, without full ITC on medium class, the low-cost airlines would be severely  impacted.

Alexandre de Juniac, director general of International Air Transport Association (IATA), has sent a letter to the finance minister Arun Jaitley , asserting thatIndian carriers are concerned that ITC restrictions on economy class might favour international  carriers that usually have more premium seats.

Wefornews Bureau


5-year-old girl raped by two minors in Odisha




Bhubaneswar, April 26: A five-year-old girl was raped by two minor boys in Odisha’s Jagatsinghpur district, police said on Thursday.

The boys have been detained following the incident that took place on Wednesday.

According to the FIR filed by the mother, the accused aged 11 and 14 raped her daughter on the premises of their school.

The victim studying in Class 1 was lured by the accused on the pretext of offering her soft drinks, according to the FIR.

“We have conducted the medical examination of the accused and the victim. Necessary action will be taken after receiving the medical examination report,” said Sujogya Mishra, Jagatsinghpur Sub-Divisional Police Officer.


Continue Reading


JeM commander killed in Tral gunfight: J&K DGP



Jammu Kashmir Director General of Police (DGP) Shesh Paul Vaid
Jammu Kashmir Director General of Police (DGP) Shesh Paul Vaid. (File Photo: IANS)

Jammu, April 26 (IANS) Jammu and Kashmir Police on Thursday said that one of the four militants killed in Tuesday’s gunfight in the Tral forest area was a Jaish-e-Muhammad (JeM) operational commander.

State Director General of Police (DGP), S.P. Vaid said: “Operational commander of JeM Mufti Yasir was among those killed in the joint operation in upper reaches of Tral.”

Four JeM militants, one soldier and a state police constable were killed in the over eight-hour long gunfight.

The DGP has also uploaded a picture on Twitter of the slain militant showing him alongside Masood Azhar, the founder of JeM.

The picture had been taken in Pakistan few years ago by the media there.

Azhar was released from Kotbalwal jail in Jammu district in 1999 and taken to Kandahar in Afghanistan where he was swapped with the 158 passengers of Indian Airlines flight IC 814 taken hostage.

Two other militant commanders, Sheikh Omar and Mushtaq Ahmad Zargar were also swapped in addition to Azhar for the release of hostages.

The flight was hijacked from Kathmandu and after a stopover at Amritsar it was taken to Kandahar.


Continue Reading


Uttar Pradesh: 13 school children killed in vehicle-train collision in Kushinagar



Lucknow, April 26: In an unfortunate incident, thirteen school children were killed and several injured on Thursday after the vehicle they were travelling collided with a train in Uttar Pradesh’s  Kushinagar district. 

The accident occurred at around 7 a.m., at the Dudhai railway crossing.

According to the reports, a total of 18 students from Divine Public School were travelling in the vehicle.

After visiting the accident spot Chief Minister Yogi Aditynath stated “13 students have died, 4 students & van driver are critically injured. they are admitted at BRD Medical College. Inquiry will be conducted to nab those responsible. I spoke to Railway Minister also about ways to man the unmanned railway crossings”.

“Prima facie appears to be mistake of van driver, he had earphones on and there are questions over his age too. There are rules in place, inquiry will be conducted as to why they were not followed. Strict action will be taken” he added.

The Uttar Pradesh government declared ex-gratia of Rs 2 lakhs.

Railway Minister Piyush Goyal said in a tweet “I have asked senior officials to conduct an inquiry into the incident. Railways will provide an ex-gratia amount of Rs 2 lakh each to families of the deceased.”


Continue Reading

Most Popular