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of <h1>UTGST Act Amended: Satellite Launch Services Exempt from UTGST Starting July 27, 2023, per Notification No. 07/2023.</h1> The Ministry of Finance, Department of Revenue, issued Notification No. 07/2023 on July 26, 2023, amending the Union Territory Goods and Services Tax (UTGST) Act. This amendment, effective from July 27, 2023, modifies the previous Notification No. 12/2017 to exempt satellite launch services from UTGST. This change follows recommendations from the GST Council's 50th meeting on July 11, 2023. The amendment aims to align with public interest objectives and reflects updates to the GST framework under the Union Territory Tax (Rate).
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