Spacecraft is exempted from paying GST
Does Spacecraft exempt from paying GST? What is the concessional rate of GST on Spacecraft? Should I need to pay GST on my product Spacecraft?
GST tax on Spacecraft under HSN chapter 8802
As per GST Law, there is no GST payable on Spacecraft.
So the rate of GST payable Spacecraft is nil rate.
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories.
The above details about GST rate tariff on Spacecraft is only for information.
The validity of above information and amendments about GST rate on Spacecraft may be verified before any business dealing.
Rate of GST applicable for Aircraft and parts, spacecraft and parts
Zero rate of GST on sale of Spacecraft
No need to pay GST on sale of spacecraft launch vehicles
Zero percentage of GST on sale of Satellites
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