GST 2.0: Tax on drones cut; premium airfares will gain altitude
The GST Council’s latest rate decisions announced late Wednesday have reduced the producer tax incidence on the makers of drones and flight simulators.
GST on unmanned aircraft has been cut to 5% from 28%/18%, a sharp reduction that lowers entry costs for operators deploying drones in logistics, agriculture and mapping.
Flight and target motion simulators – critical for pilot training – have been exempted from IGST, slashing the outgo on new training equipment for airlines and academies.
