The Ministry of Civil Aviation has notified the date of commencement of operations at various RCS Airports till 31.10.2017 in connection with the Service tax/ Goods and Services Tax exemption GST on disbursement of Viability Gap Funding (VGF).
The Central Government, as per Notification No. 7/2017-Service Tax dated 02.02.2017 and Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 had granted exemption from levy of Service Tax / GST on disbursement of Viability Gap Funding (VGF) to Selected Airline Operators (SAOs) for a period of one year from the date of commencement of operations of the Regional Connectivity Scheme (RCS) Airport as notified by Ministry of Civil Aviation.
Subscribe Taxscan Premium to view the Judgment
