Centre proposes GST hike on business and premium air travel to 18%: Sources

The Centre is considering a proposal to raise the Goods and Services Tax (GST) on business class and premium air travel from the current 12% with input tax credit (ITC) to 18% with ITC, sources told CNBC-TV18. Economy-class tickets, whether for domestic or international travel, continue to attract a 5% GST rate. Premium economy, business, and first-class tickets are presently taxed at 12%, applica…