Revision of GST rules to make India's MRO industry competitive

A  revision  of goods and services  tax  (GST) rules is likely to bring relief for India’s  aircraft maintenance  and repair industry which has for long been trying to take advantage of the booming aviation market in India. Last week, the 53rd GST council recommended a uniform 5% tax on  imports  of parts, components, testing equipment, tools and toolk…