GST exemptions clarified: additions for government entities, IFSC intermediaries, export transport and education-related services expanded. The notification amends the Mizoram SGST rate schedule to add 'Government Entity' alongside 'Governmental Authority', create a nil-rated composite supply entry for Chapter 99 supplies to government bodies where goods are 25% of value for Panchayat/Municipality functions, insert temporary nil-rating for export transportation by aircraft and vessel (not applicable after 30 September 2018), nil-rate IFSC-based intermediaries providing international financial services in non-INR, extend nil-rating to specified insurance and reinsurance services, include fumigation and RTI information services as nil-rated, expand education-related exemptions to entrance fees and online journals, and revise certain temporal and monetary thresholds.
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GST exemptions clarified: additions for government entities, IFSC intermediaries, export transport and education-related services expanded.
The notification amends the Mizoram SGST rate schedule to add "Government Entity" alongside "Governmental Authority", create a nil-rated composite supply entry for Chapter 99 supplies to government bodies where goods are 25% of value for Panchayat/Municipality functions, insert temporary nil-rating for export transportation by aircraft and vessel (not applicable after 30 September 2018), nil-rate IFSC-based intermediaries providing international financial services in non-INR, extend nil-rating to specified insurance and reinsurance services, include fumigation and RTI information services as nil-rated, expand education-related exemptions to entrance fees and online journals, and revise certain temporal and monetary thresholds.
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