Global Vectra Helicorp Ltd ., In re
Date: July 6, 2021
Subject Matter
Amount recovered as reimbursement from the customer, for the fuel procured on behalf of the Customer is required to be included in the value of services. AAR ruling upheld.
Summary
Q. Whether in terms of the valuation provisions under GST legislation, amount recovered as reimbursement (at actual) by the Applicant from the Customer, for the fuel procured on behalf of the Customer is required to be included in the value of servic…
The appellant, M/s.Global Vectra Helicorp Limited (GVHL), employs a fleet of around 30 helicopters (aircrafts) for providing services classifiable under Service Accounting Code 996603 (i.e. Rental services of aircraft including passenger aircrafts, freight aircrafts and the like with or without operator) in terms of Annexure to Notification No. 11/2017-Central Tax (Rate) dated 28.06.2017 . The app…