GST Council cuts tax on helicopter services for religious travel to 5%

September 09, 2024 17:06

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Uttarakhand finance minister Prem Chand Agarwal on Monday said the GST Council has decided to cut tax on helicopter services for religious travels to 5 percent.

The 54th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is currently underway.

"Helicopter services for religious purposes like Kedarnath, Badrinath has been reduced to 5 percent from 18 percent. There was no clarity on this. After this, there will be clarity," Agarwal told reporters.

The Council is slated to deliberate on a host of issues, including lowering of taxes on life and health insurance premiums, as well as levy of GST on payment aggregators for small digital transactions up to Rs 2,000, via debit and credit cards.

Agarwal further said the Council has referred the issues of levy of 18 percent GST on payment aggregators (PAs), like BillDesk and CCAvenue, for small digital transactions up to Rs 2,000, via debit and credit cards to the fitment committee.

Currently, payment aggregators are exempt from paying GST on transactions amounting to less than Rs 2,000.

The council is also likely to discuss a fitment committee report on taxation of life and health insurance premiums. -- PTI

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