Notification No. 07/2023 CT(R): GST Exemption on Satellite

Want to File ITR, GST Returns & Pvt. Ltd. Registration

Notification No. 07/2023 - Central Tax (Rate): Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to notify change in GST with regards to services as recommended by GST Council in its 50th meeting held on 11.07.2023.

GST: [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (i)]

G.S.R. -----(E). -In exercise of the powers conferred by sub-sections (3) and (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following amendment further to amend the notification of the Government of India, Ministry of Finance (Department of Revenue), No.12/2017-Central Tax (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 691(E), dated the 28th June, 2017, namely:—

In the said notification, in the Table, against serial number 19C, for the entry in column (3), the following entry shall be substituted: -

(3)

“Satellite launch services.”

2. This notification shall come into force with effect from 27^th July,2023.

(Rajeev Ranjan)
Under Secretary to the Government of India

Note: The principal notification no. 12/2017 - Central Tax (Rate), dated the 28th June, 2017 was published in the Gazette of India, Extraordinary, vide number G.S.R. 691 (E), dated the 28th June, 2017 and last amended vide notification no. 01/2023 - Central Tax (Rate), dated the 28^th February, 2023 published in the official gazette vide number G.S.R. 141(E), dated the 28^th February, 2023.

📚 Frequently Asked Questions (FAQs): Notification No. 07/2023 – Central Tax (Rate)

Q1: What is Notification No. 07/2023 - Central Tax (Rate)?

Answer:
This notification amends Notification No. 12/2017 - Central Tax (Rate) to exempt satellite launch services from GST. It reflects the GST Council’s decision taken during its 50th meeting and aims to support space-related activities by reducing tax burdens.

Q2: From when is the satellite launch GST exemption applicable?

Answer:
The exemption is applicable from 27th July 2023 as per Notification No. 07/2023.

Q3: Which services have been newly exempted under this notification?

Answer:
The newly exempted service is “satellite launch services”, replacing the previous entry in serial number 19C of Notification No. 12/2017 - Central Tax (Rate).

Q3: Which services have been newly exempted under this notification?

Answer:
The newly exempted service is “satellite launch services”, replacing the previous entry in serial number 19C of Notification No. 12/2017 - Central Tax (Rate).

Q4: Who will benefit from this GST exemption on satellite launch services?

Answer:
The exemption primarily benefits space agencies like ISRO, private satellite launch companies, and startups in India’s space sector by reducing their GST liability.

Q5: How does this amendment align with India’s space policy? 🚀

Answer:
The amendment supports India’s ambition to boost private sector involvement in the space domain. Exempting GST on satellite launch services promotes innovation and cost-effective launches.

Q6: Where can I register my space-related business for GST benefits?

Answer:
You can register your business easily via Finodha’s portal here: GST Registration. For tailored consultation, visit Finodha GST Experts.

Q7: How do I remain compliant with other GST rules after this exemption?

Answer:
While satellite launch services are exempt, businesses must still file regular GST returns and comply with other GST provisions. You can manage your filings here: GST Compliance Services and GST Return Filing.

Q8: What is the original notification being amended by this one?

Answer:
This notification amends Notification No. 12/2017 - Central Tax (Rate) dated 28th June 2017, which covers exemptions on various services.

Q9: Has there been any previous amendment to Notification No. 12/2017?

Answer:
Yes, the last amendment was made via Notification No. 01/2023 - Central Tax (Rate) dated 28th February 2023.

Q10: Why is the GST Council focusing on exemptions like satellite launches?

Answer:
Such exemptions are intended to encourage scientific innovation, attract private investment in high-tech sectors, and make India a global space launch hub.