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India's space agency is readying to launch a rocket that will attempt to land a rover on the Moon and mark the country's arrival as a power in space exploration and the new frontier of space commerce.
India aims to become the fourth nation to successfully make a soft-landing on the moon with its Chandrayaan-3 mission.
Chandrayaan-3 launch of could be the start of India becoming a serious contender in space. Success in this mission will announce India's firm entry into an elite club of nations comprising the US, Russia and China that have been capable of moon landings.
The GST Council, at a meeting on Tuesday, decided that GST exemption on satellite launch services supplied by ISRO, Antrix Corporation Limited and New Space India Limited (NSIL) may be extended to such services supplied by organisations in the private sector also to encourage startups.
Welcoming the announcement by the Union finance minister, stakeholders hope the incentive will be made available to not only satellite service companies but also other domains of the segment