Agneet Sky Aviation (IFSC) Private Limited ., In re
Date: September 14, 2025
Subject Matter
Dry Lease of Aircraft is Transfer of Right to Use Goods, Taxable at 5% IGST
Summary
M/s. Agneet Sky Aviation (IFSC) Private Limited, an SEZ unit engaged in aircraft leasing, sought an advance ruling on the GST classification and rate for its "dry lease" agreements (leasing an aircraft without a crew, maintenance, or insurance). The…
FULL TEXT OF THE ORDER OF AUTHORITY FOR ADVANCE RULING, GUJARAT M/s. Agneet Sky Aviation (IFSC) Private Limited, Eleventh Floor, Unit No. 1127 B, Hiranandani Signature Tower, Block 1313 Zone-1, GIFT City, Gandhinagar-382355 [for short — ‘applicant] is registered under GS]’ and their GSTIN is 24AAZCA4886G1Z1. 2. The applicant has stated that they are a SEZ unit and is engaged in the bus…