On 8th October 2024, the Ministry of Finance issued Notification No. 07/2024-Central Tax (Rate), amending the Central Goods and Services Tax (CGST) rates as per the provisions of the CGST Act, 2017. This notification introduces a new entry regarding the transportation of passengers, specifically for air travel by helicopter on a seat share basis. The applicable tax rate for this service is set at 2.5%, provided that the input tax credit on goods used for supplying this service has not been claimed. Additionally, the new entry is incorporated into the existing tax rate schedule, enhancing the clarity of tax obligations related to such services. This amendment will take effect from 10th October 2024 and updates the prior Notification No. 11/2017-Central Tax (Rate), originally published on 28th June 2017, with the last amendment made in October 2023.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 07/2024-Central Tax (Rate) | Dated: 8th October, 2024
G.S.R. 617(E).— In exercise of the powers conferred by sub-section (1), sub-sections (3) and (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15, sub-section (1) of section 16 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), notification number 11/2017 -Central Tax (Rate), dated the 28th June, 201, 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:-
1. In the said notification, in the Table, against serial number 8,
(i) after item (iva) and the entries relating thereto in columns (3), (4) and (5), the following item and entries relating thereto in columns (3), (4) and (5) shall be inserted, namely: –
| (3) | (4) | (5) |
| “(ivb) Transportation of passengers, with or without accompanied baggage, by air, in a helicopter on seat share basis. | 2.5 | Provided that credit of input tax charged on goods used in supplying the service has not been taken. |
[Please refer to clause (iv) of paragraph 4 relating to Explanation].”
(ii) in column (3), in item (vii), after the brackets and figures “(iva),”, the brackets and figures “(ivb),” shall be inserted.
2. This notification shall come into force with effect from the 10th day of October, 2024.
[F. No. 190354/149/2024-TO(TRU-II) – Part-I CBEC]
DILMIL SINGH SOACH, Under Secy.
Note: – The principal notification number 11/2017 -Central Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, vide number G.S.R. 690 (E), dated the 28th June, 2017 and last amended vide notification number 12/2023-Central Tax (Rate), dated the 19th October, 2023, published in the Gazette of India vide number G.S.R. 759(E), dated the 19th October, 2023.
