GST exemption for satellite launch services extends Nil tax treatment to launches by designated Indian space entities under Karnataka rules. Insertion of a new notification entry classifies satellite launch services supplied by Indian Space Research Organisation, Antrix Corporation Limited or New Space India Limited as Nil-rated and Nil compensation cess under the Karnataka SGST schedule, pursuant to powers under the Karnataka Goods and Services Tax Act, 2017 and effective from mid-October 2020.
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Provisions expressly mentioned in the judgment/order text.
GST exemption for satellite launch services extends Nil tax treatment to launches by designated Indian space entities under Karnataka rules.
Insertion of a new notification entry classifies satellite launch services supplied by Indian Space Research Organisation, Antrix Corporation Limited or New Space India Limited as Nil-rated and Nil compensation cess under the Karnataka SGST schedule, pursuant to powers under the Karnataka Goods and Services Tax Act, 2017 and effective from mid-October 2020.
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