The Hindu Business Line | 15 July 2023
The Indian space tech start-up ecosystem welcomed the move by the GST Council that has exempted start-ups offering satellite launch services by private players.
In a major boost, the goods and services tax (GST) Council in a statement said after its meeting on July 11, “It has been decided that GST exemption on satellite launch services supplied by ISRO, Antrix Corporation Limited and New Space India Limited (NSIL) may be extended to such services supplied by organisations in the private sector also to encourage start-ups.”