ISRO required to pay Service Tax?
Is ISRO required to pay Service Tax on Satellite launches?
On 23rd April 2007, India entered the global commercial launch market with ISRO's workhorse launch vehicle PSLV-C8 successfully placing the 352-kg Italian astronomical satellite AGILE into orbit after lift off from the Satish Dhawan Space Centre here on Monday.
"It is a 100 per cent success to the entire ISRO community. We have made a good entry into the launch business and hope we will have more opportunities in the near future," a beaming ISRO Chairman G Madhavan Nair said.
As per newspaper reports ISRO charged Rs.49crores for launching the satellite. Will this “service” be charged to Service Tax under the category BAS/Business Support Services or will a new category be required?