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of <h1>India Amends IGST Exemptions: Transport, Banking, and Rehabilitation Services Updated Under Notification No. 29/2018.</h1> The Government of India issued Notification No. 29/2018 to amend Notification No. 9/2017-Integrated Tax (Rate), exempting certain services from Integrated Goods and Services Tax (IGST) as recommended by the GST Council. Effective January 1, 2019, the amendments include exemptions for services provided by goods transport agencies to government entities, banking services to Basic Saving Bank Deposit account holders under the Pradhan Mantri Jan Dhan Yojana, and rehabilitation services by professionals recognized under the Rehabilitation Council of India Act. The notification also updates certain headings and definitions, such as 'financial institution,' in accordance with the Reserve Bank of India Act.
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