With effect from July 15, 2024, Union Civil Aviation Ministry has announced the implementation of a uniform IGST rate of 5% on all aircraft and aircraft engine parts. This policy adjustment was recommended by the GST Council in its 53rd meeting on 22nd June 2024. Our Partner (Head – Taxation) S R Patnaik shares his views on this in an article published by The Economic Times. (Photo Credit: The Economic Times)