GST Exemption On Satellite Launch Services By Private Organisations: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 50th Meeting of the GST Council has notified that no GST shall be applicable on the Satellite Launch Services provided by the private organisations.

Earlier, the GST was exempted on satellite launch services supplied only by Indian Space Research Organisation, Antrix Corporation Limited or New Space India Limited.

Now, with effect from 27th July 2023, GST shall be exempted on satellite launch services supplied by both private organisations and Indian Space Research Organisation.

This move of the government will perhaps encourage the emergence of start-ups in the field of Satellite Launch Services.

Notification No. 07/2023- Central Tax (Rate)

Date: 26/07/2023

Click Here To Read The Notification