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18% GST Decision On Transactions Under 2000 Delayed, Fitment Committee to Review

Aggarwal revealed that helicopter services catering to pilgrims and tourists will attract a 5% GST. Conversely, chartered helicopter services will be subject to a higher GST rate of 18%.

18% GST Decision On Transactions Under 2000 Delayed, Fitment Committee to Review
18% GST Decision On Transactions Under 2000 Delayed, Fitment Committee to Review

In a recent update, Uttarakhand Finance Minister Premchand Aggarwal announced that the decision regarding the proposed 18% GST on income from transactions under Rs 2,000 for payment aggregators is still pending. The matter will be referred to the fitment committee for detailed review and consideration.

Also, to clarify tax regulations, Aggarwal revealed that helicopter services catering to pilgrims and tourists will attract a 5% GST. Conversely, chartered helicopter services will be subject to a higher GST rate of 18%. This differentiation aims to better align tax rates with the types of services provided.

(This is a developing story)

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