The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent show cause notices to 10 foreign airlines functioning in the country, for alleged non-payment of tax amounting to Rs 10,000 crore, as per the officials. They contain British Airways, Lufthansa, Oman Air, Emirates, and Singapore Airlines, they added. The notices, transmitted over the past 3 days, deal with unpaid tax dues on the import of services by Indian branches from head offices. Read Also:- India Considers Foreign Airlines Get GST Reprieve On valuation of the supply of import…
Tag: airlines
Foreign Airlines Refuse to Submit Data Requested by GST Officers in Investigation
Various foreign airlines, along with Lufthansa, Emirates and British Airways, have refused to furnish the information asked via the Indian Goods and Services Tax (GST) authorities related to ongoing investigations, as per the sources. The director general (DGGI) of GST had asked for information related to a probe into the valuation of services given via the foreign airline to their Indian arms. However, the airlines have learned to have told the council that they do not uphold such granular data. As per the GST council, late last year sent notices…
Singapore’s wall of antitrust over Tata’s purchase of Air India; The group owns two of the three major airlines.
[ad_1] Air India’s takeover by the Tata group is likely to run into a regulatory wall in Singapore and now the Indian conglomerate needs to explain that the acquisition does not violate the country’s anti-competition laws. The Competition and Consumer Commission (CCCS) of Singapore, the country’s antitrust body, observed on Friday that Air India and Vistara, a 51:49 joint venture between the Tata Group and Singapore Airlines, are two of the three major players in the market. operate flights to singapore. -Mumbai and Singapore-Delhi routes, resulting in overlapping of both…