Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. - 28/2018-Central Tax (Rate) - Central GST (CGST) Rate
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Service exemptions under GST updated to include specified government-facing transport, PMJDY banking, and rehabilitation services. Amends the Central GST rate notification to insert nil-rated entries for (i) goods transport agency services to government or local authorities registered solely for tax deduction under Section 51, (ii) banking services to Basic Saving Bank Deposit account holders under PMJDY, and (iii) rehabilitation professionals' services at specified institutions; adds a definition of financial institution per the Reserve Bank of India Act; modifies, substitutes and omits certain schedule entries. The notification is effective from the first day of January, 2019.
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Provisions expressly mentioned in the judgment/order text.
Service exemptions under GST updated to include specified government-facing transport, PMJDY banking, and rehabilitation services.
Amends the Central GST rate notification to insert nil-rated entries for (i) goods transport agency services to government or local authorities registered solely for tax deduction under Section 51, (ii) banking services to Basic Saving Bank Deposit account holders under PMJDY, and (iii) rehabilitation professionals' services at specified institutions; adds a definition of financial institution per the Reserve Bank of India Act; modifies, substitutes and omits certain schedule entries. The notification is effective from the first day of January, 2019.
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