5% GST applicable on Leasing of Satellite Transponder: AAR

The authority of Advance Ruling  (AAR)   ruled  that @5%  Goods and Service Tax  (GST) applicable to the leasing of satellite transponder and not on the leasing of satellite transponder services. The applicant, M/s New Space India Limited is a commercial arm of Indian Space Research Organisation (ISRO) and is a Government of India Company (CPSE) under the administrative co…