New GST Rules Slash Drone Prices in India — Big Relief for Buyers & Manufacturers
The GST Council has moved to a uniform 5% GST (IGST/GST) on drones, plus exemptions for flight/motion simulators and certain high-performance batteries and communication equipment. That lowers the indirect tax on many commercial drones that were previously taxed at 18% (and many consumer/personal/other UAVs at 28%), and is expected to cut final retail/landed prices for…