Currently, airlines have to pay charges such as 'throughput charges', 'into plane charges' and 'fuel infrastructure charges.'
India's GDP growth increased from an average of 6.7 per cent during 2010 to 2014 to 7.3 per cent during 2015 to 2019.
Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.
Manufacturers are attributing the fall in demand to overall low consumer sentiments.
The government has set 7 per cent growth target for the current fiscal and data points of the first quarter are in line with that direction.
As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.
In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.
The two-year period for keeping petroleum products outside GST is almost over.
Vehicle sales in all segments have continued to plummet for the last several months.
Tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex.