GST exemptions expanded to include government entities, IFSC intermediary services, certain transport, insurance, fumigation and education services. Amendments expand GST exemptions: insert 'Government Entity' alongside governmental authority; add exemption for composite supplies to government/local bodies where goods are not more than 25% of value relating to Panchayat or Municipality functions; add exemption for IFSC-based financial intermediary services to customers outside India in non-rupee currencies with defined eligibility; add or amend entries for transport export services, life insurance for Coast Guard personnel, reinsurance, fumigation of agricultural warehouses, RTI information services, and educational services including entrance exams and online journals; revise monetary thresholds and temporal limits. Effective from the stated retrospective date.
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Provisions expressly mentioned in the judgment/order text.
GST exemptions expanded to include government entities, IFSC intermediary services, certain transport, insurance, fumigation and education services.
Amendments expand GST exemptions: insert "Government Entity" alongside governmental authority; add exemption for composite supplies to government/local bodies where goods are not more than 25% of value relating to Panchayat or Municipality functions; add exemption for IFSC-based financial intermediary services to customers outside India in non-rupee currencies with defined eligibility; add or amend entries for transport export services, life insurance for Coast Guard personnel, reinsurance, fumigation of agricultural warehouses, RTI information services, and educational services including entrance exams and online journals; revise monetary thresholds and temporal limits. Effective from the stated retrospective date.
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