CNBC-TV18: Govt Sources says GST Council likely to exempt satellite launch services from GST

CNBC-TV18: Govt Sources says GST Council likely to exempt satellite launch services from GST

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

Source link