As per the recent tweet of CNBC-TV18, the Government Sources says GST Council likely to exempt satellite launch services from GST move to encourage private Indian enterprises to launch satellite through Indian satellite launch facilities.
- GST Council likely to exempt satellite launch services from GST
- Move to encourage private Indian enterprises to launch satellite via Indian satellite launch facilities
- Fitment Committee in favour of exempting GST on satellite launch svcs supplied by ISRO, Antrix/NSIL
- Fitment Committee unable to assess revenue loss as no satellites belonging to Indian private entrepreneurs have been launched so far
Source: https://twitter.com/CNBCTV18Live/status/1312637874320273413