Satellite launch services are now exempt from GST, as per the GST Council’s recommendations.
The Central Board of Indirect Taxes and Customs (CBIC) has accordingly notified that this exemption is applicable to all taxpayers, including private sector players.
Previously, only services provided by ISRO, ACL or NSIL were exempt, but now all organizations offering satellite launch services, including private sector entities, are eligible for the exemption.
The effective date of this change is 27/07/2023.
CBIC Central Tax Rate Notification 7/2023 dated 26/07/2023: Satellite Launch Services Exempted from GST (Inclusion of Private Sector)
CBIC Integrated Tax Rate Notification 7/2023 dated 26/07/2023: Satellite Launch Services Exempted from GST (Inclusion of Private Sector)
CBIC UT Tax Rate Notification 7/2023 dated 26/07/2023: Satellite Launch Services Exempted from GST (Inclusion of Private Sector)