Corporate Flight Booking

Business travellers can benefit by booking corporate flights from myBiz as it allows them to make changes in the last minute. myBiz is an online self-booking tool that helps corporate enterprises travel around domestic and international destinations hassle-free. 

Business Class Flights

Prior to the GST regime, business travellers while booking flights had to pay the VAT (value-added tax) as well as the Services Tax. The tax rates for economy and business class fares under the VAT regime were 5.6% and 8.4%, respectively. With the GST implementation, the tax rates differ, based on the different goods and services and they are categorized into 5 tax slabs – 0%, 5%, 12%, 18%, and 28%. The tax rate for economy seats are 5% and the tax rate for business class seats are 12%. 

However, corporate companies can benefit from air travel under the GST regime. Business flying can benefit travellers as they can claim the Input Tax Credit on their flight expenses. The cost incurred on food items and spare parts among other input services except the fuel charges are claimable under this rule. 

For a simpler understanding, GST on airline tickets for corporate travellers flying domestically as of July 18th, 2022, as opposed to the VAT applied earlier, are as follows:

Flight Ticket Category	GST Rate Applicable	Tax Rates Under VAT Regime
Business class flight tickets	12 %	8.4 %
Economy class tickets	5 %	5.6 %

 

Hence, whether you book business class flights or their cheaper alternatives, travellers flying for work can reclaim their GST tax expense as input tax credit.

Also Read: Business Class vs First Class: A Guide for Corporate Travellers!

Low Cost Airlines

 

Business travellers in India can also benefit under the GST Regime from the best low-cost airline companies such as, Go Air and Air Asia. For retrieving the GST invoice number from Air Asia, a business traveller has to provide the booking number, his/her name and his/her surname. Similarly, to get the GST invoice from GoAir, a business traveller can claim the GST invoice by providing the PNR Number and the place of origin. The process of retrieving the GST invoice varies for the other low-cost airlines.

Luxury Travel

 

All corporate enterprises who are registered under the GST, can book online through myBiz and from the airline company to avail the benefits of the GST regime. Business travellers in India are required to register once for availing the GST invoice from airline companies such as Jet Airways and Air India.

Before registering on the Jet Airways or the Air India website, business travellers are required to have:

• PAN of the Company and a scanned copy.

• GST information and a scanned copy.

• The Application Reference Number and a scanned copy.

• The address of the company and other contact information.

The business travellers can then log on to the respective websites and provide relevant information. 

Frequent Flyer Programmes

 

Business travellers can benefit on the first-class seats through the frequent flyer programs of airline companies such as Jet Airways, Air India, etc. The frequent flyer programs reward their travellers who travel frequently on particular airlines. In Air India, the frequent flying program is called, Flying Returns where the frequent travellers can take several other benefits of air travelling with its other corporate partners. These corporate partners of Air India are their codeshare partners that include Lufthansa Airlines, Singapore Airlines, Swiss International Airlines and Air Canada among others. 

Similarly, with Jet Airways frequent travellers on their first-class flights can become JetPrivilege members and earn JPMiles where the travellers can earn a free ticket to any destination of their choice. First class travellers can also enjoy numerous benefits by earning JPMiles. Frequent travellers on the first-class tickets also can enjoy benefits on the codeshare partners of Jet Airways such as Etihad Airways, Alitalia, Emirates, Cathay Dragon, Air France and South African Airways among several other airline companies.

Corporate Travel Management

 

For the corporate business traveller, myBiz provides the best of staff's corporate travel management by reducing his/her time and money. myBiz effectively manages the travel expenses of the corporate company.   Earlier, the corporate companies had to book through offline travel agencies before the GST was implemented. As the tax rates of hotels and flights have changed because of the GST implementation, this self-booking online tool -myBiz is able to provide corporate travellers with several options. Now the corporate companies are required to shift to this online medium and only then, they can avail all the benefits of the Goods and Service Tax.  

Under the GST regime, all major airlines provide GST invoices through which the corporate business travellers can avail the Input Tax Credit. Business travellers can take advantage of complimentary on-board meals and free seat selection on all the major airlines. Employees can book flights on myBiz by paying through the centralised company payment wallet.

 

The process of booking flights for a corporate company and its staff is streamlined by myBiz. Business travel arrangements for the small and medium-sized enterprises (SMEs) are made convenient as the myBiz app keeps a comprehensive report on the financial controls of any company. By booking through the myBiz app, business travellers can also save a lot of time with automated approvals.

Corporate Flight Booking Benefits:

 

There are several benefits of making corporate bookings for flights. While some of these benefits might be subject to additional payments, most of the benefits of a corporate flight booking may apply to all businesses, regardless of their size. Let us understand what benefits are in store for corporate customers: 

 

 

Prioritising comfort, therefore, becomes easier by allowing travellers to get-

• Seats near the flight entrance for quick exit
• Get more legroom
• Choose window or aisle seats for more comfort, among others.

More importantly, all of this comes at no additional costs.

 

 

While there are more advantages, the manifold corporate air ticket booking benefits mentioned above can be leveraged with the best reward programs and the right corporate travel management solution.

Also Read: Check All Benefits When Booking Flights for Corporate Trips?

Corporate Fares on Flight Bookings:

 

Business travellers can get the benefit of special corporate prices by partnering with a travel management solution that negotiates for competitive rates on every booking. These exclusive fares can directly impact the travel budget of a company and help to increase their overall savings by a distinct margin. Hence, every booking made by opting for corporate fares with an ideal travel management platform comes with a wide range of benefits like-

• Corporate flight discounts
• Complimentary meals
• In-flight seat selection
• Trip modifications
• Last-minute cancellations, among several others. 

While many flight booking companies might make tall claims about offering the benefits mentioned above, they still have a long way to go in bring capable of substantiating their claims. With myBiz, on the contrary, business travellers can ensure that their flight bookings are not only quick and easy but also affordable. The complimentary in-flight benefits offered to onboarded travellers on every air service provider make flying comfortable, while the automated, self-booking platform of myBiz ensures that bookings are confirmed in a few simple steps, making business travel extremely seamless!

Frequently Asked Questions (FAQs) 

Q1. What is corporate flight booking?

Ans. Business flight booking enables companies to reserve their flight tickets at exclusive corporate rates that increase overall savings.

Q2. What is corporate fare in airlines?

Ans. Corporate fare meaning implies getting competitive rates for business travel bookings that enable companies to save more on every trip.

Q3. What is the difference between the corporate fare and normal fare in flight booking?

Ans. Corporate air tickets get special prices known as corporate fares that are accompanied by a range of benefits like better-negotiated rates, flexibility to make last-minute booking changes, and other in-flight benefits that are absent in a normal flight booking.

Q4. How to get a corporate discount on flights?

Ans. Using the right travel management platform can enable you to get specially negotiated rates and corporate discounts on flight bookings for business travellers.

Related Blogs:

• •  Book Your Corporate Flight with a Travel Management Company
• •  Challenges of Flight Booking for Businesses
• •  8 Things That Make an Ideal Business Travel Booking Tool
• •  GST on Domestic Flight Tickets and Input Tax Credit
• •  GST on International Flight Tickets and Input Tax Credit