GST exemptions expanded to include government-related composite supplies, IFSC intermediary services, transport and specific insurance and fumigation services. The notification amends the Tamil Nadu GST exemption table by inserting and revising multiple serial entries to expand exemptions and clarify beneficiaries. Key changes add 'Government Entity' to references, create a composite-supply exemption for government-related Panchayat and Municipality functions where goods are 25% of value, temporarily exempt air and sea carriage of goods from Indian customs to places outside India, add exemptions for life insurance and reinsurance linked to government schemes, introduce an IFSC intermediary exemption for international financial services in non-INR currencies, and add fumigation and RTI information services exemptions. Certain thresholds and durations are increased or extended and educational service provisos are adjusted.
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GST exemptions expanded to include government-related composite supplies, IFSC intermediary services, transport and specific insurance and fumigation services.
The notification amends the Tamil Nadu GST exemption table by inserting and revising multiple serial entries to expand exemptions and clarify beneficiaries. Key changes add "Government Entity" to references, create a composite-supply exemption for government-related Panchayat and Municipality functions where goods are 25% of value, temporarily exempt air and sea carriage of goods from Indian customs to places outside India, add exemptions for life insurance and reinsurance linked to government schemes, introduce an IFSC intermediary exemption for international financial services in non-INR currencies, and add fumigation and RTI information services exemptions. Certain thresholds and durations are increased or extended and educational service provisos are adjusted.
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