The central government has decided to impose 5% GST on commercial drones and 0 GST on drones connected to forces. Ankit Mehta, CEO of Ideaoforge Technology, has said that this will make it easier to adopt critical technology.
GST on Drones: The central government has reduced the tax imposed on it to promote the manufacture and use of drones in India. It was decided to put 5% GST on commercial UAV/drone in the GST’s meeting held on Wednesday. Defense-related drones, high-performance batteries and important communication equipment were fully exempted from GST. Informed people are calling this move of the government revolutionary.
Reduce tax rates will be easy to adopt technology
Ankit Mehta, CEO and co-founder of Ideaoforge Technology, spoke about the changes in GST with Asianet’s digital content head Adit Charlie. He said, “Tax rates in many drone categories have been reduced. This will make it accessible to adopt technology. It matters a lot for consumers. Drone related to defense sector is very relaxation from GST. It will be very helpful for Indian forces. It will be easy for the Indian forces to adopt technology.”
Government gave strong signal to market and ecosystem
Ankit Mehta said, “I also see it as a strong sign for market and ecosystem. It is a critical technology. It needs to be adopted rapidly. It needs to be accepted extensively. The government is working in this direction. The government is working in this direction. It is making a good atmosphere to accept it on a large scale.”
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