GST revamp for drones: Sector set for growth; commercial UAVs ready for take-off with simpler tax structure
The GST Council has streamlined taxes for unmanned aerial vehicles, setting a 5% GST for commercial drones. Military drones and related equipment now have a 0% GST. This decision aims to boost the drone industry, currently valued at ₹2,500 crore with significant startup investment.🕒 1 min read
The GST Council has streamlined taxes for unmanned aerial vehicles, setting a 5% GST for commercial drones. Military drones and related equipment now have a 0% GST. This decision aims to boost the drone industry, currently valued at ₹2,500 crore with significant startup investment.
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