GST tribunal says airlines can claim tax refund if fare, GST returned to passengers
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The GST Appellate Tribunal ruled that airlines can claim tax refunds if they return both the fare and GST to passengers.
- ✓Singapore Airlines got a refund of Rs 45,92,528 for flights cancelled during COVID-19.
- ✓Rahul Shekhar said, "It highlights that GST should not become a cost where a transaction is cancelled."
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
GST Appellate Tribunal ruled that GST paid on cancelled airline tickets is refundable if conditions are met. Singapore Airlines successfully claimed refunds amounting to Rs 45,92,528 for flights cancelled due to COVID-19. The Tribunal highlighted that sufficient evidence was provided to demonstrate that tax incidence was not passed on to passengers. Taxpayers need to maintain robust documentation to satisfy requirements for refunds to be processed.
New Delhi: GST paid on cancelled airline tickets can be claimed as a refund if the airline has returned both the fare and GST to the passengers and has supporting documents to prove it, a GST Appellate Tribunal has ruled.
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The Economic Times
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