GST Council exempts gene therapy, extends IGST relief for surface-to-air missile systems

The Council also decided to extend the GST exemption for the Long-Range Surface-to-Air Missile (LR-SAM) system. The relief applies to systems, sub-systems, equipment, tools, and software essential for LR-SAM development and operation.

“…gene therapy which is very critical for life-saving diseases has been exempt. Long Range Surface to Air Missile (LR-SAM) system is very important in defence. We have decided to extend the GST exemption which is provided to systems, sub-systems, equipment, tools, software. The exemption is further extended,” Nirmala Sitharaman said.

(This is a developing story. Check back for more details)