GST exemptions for specified public and social services expanded, covering transport, banking and rehabilitation services. Effective 1 January 2019, the notification adds nil-rated entries: goods transport agency services to government departments/local authorities/governmental agencies registered only to deduct tax under section 51; banking company services to BSBD account holders under PMJDY; and rehabilitation professionals' services at specified medical, educational or government-established centres or entities registered under section 12AA. It also amends certain tariff heading references, omits a prior serial entry, and inserts a definition of 'financial institution' aligned with the Reserve Bank of India Act.
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GST exemptions for specified public and social services expanded, covering transport, banking and rehabilitation services.
Effective 1 January 2019, the notification adds nil-rated entries: goods transport agency services to government departments/local authorities/governmental agencies registered only to deduct tax under section 51; banking company services to BSBD account holders under PMJDY; and rehabilitation professionals' services at specified medical, educational or government-established centres or entities registered under section 12AA. It also amends certain tariff heading references, omits a prior serial entry, and inserts a definition of "financial institution" aligned with the Reserve Bank of India Act.
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