Satellites is exempted from paying GST
My business is purchase and sale of sale of Satellites. Should I need to pay GST? What is the concessional rate of GST on Satellites?
GST tax on Satellites under HSN chapter 8802
As per GST Law, there is no GST payable on Satellites.
So the rate of GST payable on Satellites is nil rate.
Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
The above details about GST rate tariff on Satellites is only for information.
The validity of above information and amendments about GST rate on Satellites may be verified before any business dealing.
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