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<h1>GST Exemption Update: New Service Exemptions for Transport, Banking, and Rehabilitation Effective Jan 1, 2019.</h1> Notification No. 28/2018-Central Tax (Rate) amends Notification No. 12/2017-Central Tax (Rate) to exempt certain services based on recommendations from the GST Council's 31st meeting. Effective January 1, 2019, exemptions include services by goods transport agencies to government entities registered only for tax deduction purposes, banking services to BSBD account holders under PMJDY, and rehabilitation services by recognized professionals at specified establishments. The notification also updates certain headings and definitions, including the term 'financial institution' as per the Reserve Bank of India Act, 1934.