GST Issue on Parts of Aircraft

The Indian Air Force (IAF) has made a representation before the Directorate of Revenue Intelligence (DRI) to reconsider more than Rs 100 Crores of Integrated Goods And Services Tax (IGST) levied on various imported items that it has shown as “parts of aircraft” in its books. The matter is likely to be taken up at the ministerial level, with both sides sticking to their points of view over a tricky taxation issue.

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