GST exemptions for specified transport, banking and rehabilitation services expanded, with related table revisions and a new financial institution definition. The notification amends the Karnataka GST exemption table by adding exemptions for goods transport agency services when supplied to registered governmental deductors, banking services to PMJDY BSBD account holders, and rehabilitation professionals' services at specified institutions; it also inserts 'banking companies' into an existing entry, substitutes a heading entry, omits another serial entry, and adds a definition of 'financial institution' consistent with the Reserve Bank of India Act; the amendments take effect on the first day of January.
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GST exemptions for specified transport, banking and rehabilitation services expanded, with related table revisions and a new financial institution definition.
The notification amends the Karnataka GST exemption table by adding exemptions for goods transport agency services when supplied to registered governmental deductors, banking services to PMJDY BSBD account holders, and rehabilitation professionals' services at specified institutions; it also inserts "banking companies" into an existing entry, substitutes a heading entry, omits another serial entry, and adds a definition of "financial institution" consistent with the Reserve Bank of India Act; the amendments take effect on the first day of January.
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