Notification No. 02/2020
Date: March 26, 2020
Subject: Reduction of GST rate on Maintenance, Repair and Overhaul (MRO) services relating to aircraft.
Description:
A new entry (ia) is inserted under S. No. 25 of Notification 11/2017 to tax MRO services of aircraft, aircraft engines and parts at 2.5% CGST. This reduction aims to boost the domestic aviation MRO sector and reduce dependence on foreign service providers.
Issued for earlier notification?
Yes — amends Notification No. 11/2017–Central Tax (Rate).