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Defence production may get leg-up
Financial Express Chandigarh
|September 03, 2025
THE GST COUNCIL may take up for consideration a proposal to remove Integrated Goods and Services Tax (IGST) on military transport aircraft and parts of defence equipment like air defence systems and fighter aircraft.
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IGST is levied on imports in lieu of local taxes suffered by competing domestic products. A waiver for IGST is rate, and given only when domestic capacities are not in place, and imports are critical.
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Financial Express Chandigarh
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Financial Express Chandigarh
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Financial Express Chandigarh
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1 mins
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