Scope and Authority:
Amendment under section 148 of CGST Act, 2017.
Applies to foreign airlines companies compliant with Companies Act, 2013.
Reconciliation Statement Exemption:
Exempts from furnishing FORM GSTR-9C under GST rules.
Streamlines compliance for foreign airlines operating in India.
Submission Requirement:
Mandates submission of authenticated statement of receipts and payments.
Authenticated by practicing Chartered Accountant in India or a firm.
Deadline for Submission:
Statement for each GSTIN must be submitted by September 30th of the following financial year.
Ensuring Financial Transparency:
Provides a mechanism to maintain financial transparency.
Supports regulatory oversight and compliance monitoring.