Economy class air travel set to become cheaper from July 1; Govt fixes tax rate at 5%
The economy class air travel in airlines is set to become cheaper while the business class will become dearer with the implementation of GST from July 1 as the government has lowered the tax rate on air fares of economy class while it has increased the tax rate on air fares of business class.
India's domestic air passenger traffic stood at 100 million in 2016 and was behind only to the US (719 million) and China (436 million). Representational Image. Image Source: IANS