Government Amends Place of Supply Rules for Aircraft Services
Legal Authority:
Amendment made under sub-section (13) of section 13 of the Integrated Goods and Services Tax Act, 2017.
Objective:
Prevent double taxation or non-taxation of aircraft service supply.
Ensure uniform application of rules.
Amendment Details:
Insertion of a new entry in Table A of Notification No. 4/2019- Integrated Tax.
Specifies place of supply for maintenance, repair, or overhaul services for aircraft and related components.
Place of Supply Clarification:
Location of the recipient determines the place of supply.
Effective Date:
Amendment effective from April 1, 2020.
Issuing Authority:
Notification issued by the Central Government under the direction of Pramod Kumar, Director.
Compliance Note:
Businesses involved in aircraft services must adhere to the updated place of supply regulations to avoid taxation issues.