Renting Aircraft Without Crew Falls Under HSN 9973 Subject to 5% GST

In re Agneet Sky Aviation (IFSC) Private Limited (GST AAR Gujarat) Issue and Applicant’s Position M/s. Agneet Sky Aviation (IFSC) Private Limited, a Special Economic Zone (SEZ) unit registered under GST, sought an Advance Ruling from the Gujarat Authority for Advance Ruling (AAR) regarding the classification and applicable Goods and Services Tax (GST) rate for its business of dry leasing aircraft and helicopters to customers. A dry lease is defined as an agreement where the lessor provides only the aircraft, and the lessee is fully responsible for all operational aspects, including crew, mai...