GST exemption for specified government-directed composite supplies and IFSC intermediary services expanded and clarified. Amendment inserts 'or a Government Entity' alongside 'Governmental Authority' and creates a nil-rated entry for composite supplies to government bodies where goods constitute not more than twenty-five percent, relating to functions of Panchayats under article 243G or Municipalities under article 243W. It adds time-limited nil-rated exemptions for export transportation of goods by aircraft and vessel, expands transport exemptions to student/faculty/staff conveyance to educational institutions, adds nil-rated insurance and reinsurance entries including Naval Group Insurance Fund coverage, introduces IFSC intermediary services nil-rating for offshore currency services, and adds fumigation and RTI information service exemptions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST exemption for specified government-directed composite supplies and IFSC intermediary services expanded and clarified.
Amendment inserts "or a Government Entity" alongside "Governmental Authority" and creates a nil-rated entry for composite supplies to government bodies where goods constitute not more than twenty-five percent, relating to functions of Panchayats under article 243G or Municipalities under article 243W. It adds time-limited nil-rated exemptions for export transportation of goods by aircraft and vessel, expands transport exemptions to student/faculty/staff conveyance to educational institutions, adds nil-rated insurance and reinsurance entries including Naval Group Insurance Fund coverage, introduces IFSC intermediary services nil-rating for offshore currency services, and adds fumigation and RTI information service exemptions.
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