No GST Shall be Leviable on Satellite Launch Services | Notification
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- Last Updated on 28 July, 2023
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Notification No. 07/2023- Central Tax (Rate) dated July 26th, 2023
The CBIC has issued notification to provide that satellite launch services provided by any entity or any person would be exempted under GST. Earlier, the exemption was available on the services of satellite launch provided by the Indian Space Research Organisation, Antrix Corporation Limited, or New Space India Limited.
Now, this exemption would also be available to private sector organizations providing satellite launch services. This amendment aims to promote and support start-ups in the private sector.
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