GST exemptions expanded for government-related supplies, IFSC financial intermediation, insurance, transport, fumigation and specified educational services. Amendments to Notification No. 12/2017 insert and modify nil-rate entries and exemptions: adding 'Government Entity' to beneficiaries; creating a nil-rated composite-supply entry where goods are 25% for supplies to government bodies for Panchayat and Municipality functions; adding nil-rated export transport by aircraft and vessel with a sunset date; inserting nil-rated entries for student transport to certain educational institutions, Naval Group Insurance Fund life insurance, reinsurance of specified schemes, IFSC intermediary international financial services in non-INR currencies; adding fumigation of agricultural warehouses and RTI information services as nil-rated; and adjusting thresholds and educational service provisos.
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Provisions expressly mentioned in the judgment/order text.
GST exemptions expanded for government-related supplies, IFSC financial intermediation, insurance, transport, fumigation and specified educational services.
Amendments to Notification No. 12/2017 insert and modify nil-rate entries and exemptions: adding "Government Entity" to beneficiaries; creating a nil-rated composite-supply entry where goods are 25% for supplies to government bodies for Panchayat and Municipality functions; adding nil-rated export transport by aircraft and vessel with a sunset date; inserting nil-rated entries for student transport to certain educational institutions, Naval Group Insurance Fund life insurance, reinsurance of specified schemes, IFSC intermediary international financial services in non-INR currencies; adding fumigation of agricultural warehouses and RTI information services as nil-rated; and adjusting thresholds and educational service provisos.
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