CBIC issued notification exempting Satellite-launch services by ISRO, Antrix Corporation Ltd. and New Space India Ltd.

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Pursuant to the recommendation made during 42nd GST Council Meeting, the CBIC vide Notification No. 05/2020-Central Tax (Rate) dated October 16, 2020 amended Notification No. 12/2017- Central Tax (Rate) dated June 28, 2017 (“Services Exemption Notification”) to exempt Satellite-launch services by Indian Space Research Organisation, Antrix Corporation Ltd. and New Space India Ltd. Relevant portion is reproduced below:

Sl. No.

Heading

Description of Services

Rate

Condition

19C

9965

Satellite launch services supplied by Indian Space Research Organisation, Antrix Corporation Limited or New Space India Limited.

Nil

Nil

Similar notification has been passed under Integrated Goods and Services Tax Act, 2017 (“IGST Act”) and Union Territory Goods and Services Tax Act, 2017 (“UTGST Act”).

The CGST Notification can be accessed at: https://www.cbic.gov.in/resources/htdocs-cbec/gst/notfctn-05-2020-cgst-rate-english.pdf;jsessionid=A38273C51F4423BEDA28CEEC430ED07C/

The IGST Notification can be accessed at: https://www.cbic.gov.in/resources/htdocs-cbec/gst/notfctn-05-2020-igst-rate-english.pdf;jsessionid=85EEE5C2073B018A917578986437259A

The UTGST Notification can be accessed at: https://www.cbic.gov.in/resources/htdocs-cbec/gst/notfctn-05-2020-utgst-rate-english.pdf;jsessionid=569831FA25B550BE7F9A351C34DEF0B8

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