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Dispute over GST rate poses challenge for drone sector
The New Indian Express
|September 25, 2024
BURGEONING unmanned drone sector is facing major challenges as consumers, including the Indian Army, dispute the applicable goods and services tax (GST) rates.
As per sources, this confusion over tax classification threatens to disrupt supply chains and deter investment in the industry. Hence, the fitment committee should look into this critical aspect at the earliest. Sources say the GST rate structure, outlined in Notification No. 18/2021-Central Tax (Rate), has left stakeholders confused.
This story is from the September 25, 2024 edition of The New Indian Express.
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