GST rate on repair/overhaul services of aircrafts, aircraft engines/ parts. CBIC Notification

GST rate on maintenance, repair or overhaul services in respect of aircrafts, aircraft engines and other aircraft components or parts

MINISTRY OF FINANCE
(Department of Revenue)

Notification No.02/2020–Central Tax (Rate)

New Delhi, the 25th March, 2020

G.S.R.1209(E).—In exercise of the powers conferred by sub-section (3) and sub-section (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No.11/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 690(E), dated the 28th June, 2017, namely:-

In the said notification, in the Table, against serial number 25,

(a) after item (i) and entries relating thereto, in columns (3), (4) and (5), the following items and entries shall be inserted, namely, –

• Tax authorities not bound with provisions of section 44AE once assessee waived option
• Whether seized document is incriminating or not is a findings of fact – High Court
• Interest earned on borrowed funds/unutilized capital subsidy is capital receipts – High Court
• No statutory requirement of pre-deposit for stay of demand under Income Tax Act – HC
• Engagement of Company Secretaries as Young Professionals at RoC Mumbai and Pune