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GST on Drones Slashed to 5% in Major Tax Reform, Boosting India’s UAV Sector

GST on Drones Slashed to 5% in Major Tax Reform, Boosting India’s UAV Sector

Uniform taxation rate to reduce prices and spur drone adoption across agriculture, defence, and infrastructure. In a landmark move to support emerging technologies and industrial growth, the GST Council has approved a uniform 5 per cent goods and services tax (GST) on all categories of drones. The reform, announced at the 56th GST Council Meeting,...