Govt may ease GST norms on re-export of leased aircraft

The government is considering easing goods and services tax (GST) rules for re-export of leased planes, in what would offer a major boost to airline financials hit hard by the covid-induced turbulence. The ministry of civil aviation and the finance ministry are studying a plan to ensure that carriers do not face any hardship from customs authorities from the mandatory requirement of a no-objection…