Nil-rated service exemptions expanded for specified transport, banking inclusion services and recognised rehabilitation professionals. Amends the State GST rate notification to add nil-rated exemptions for specified services: goods transport agency services to government entities registered solely for tax deduction purposes; banking services to Basic Saving Bank Deposit account holders under the national inclusion scheme; and rehabilitation professionals' services at qualifying institutions. It inserts a statutory definition of financial institution mirroring the Reserve Bank Act and makes consequential changes to tariff headings, table entries, and scope language in the existing notification.
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Provisions expressly mentioned in the judgment/order text.
Nil-rated service exemptions expanded for specified transport, banking inclusion services and recognised rehabilitation professionals.
Amends the State GST rate notification to add nil-rated exemptions for specified services: goods transport agency services to government entities registered solely for tax deduction purposes; banking services to Basic Saving Bank Deposit account holders under the national inclusion scheme; and rehabilitation professionals' services at qualifying institutions. It inserts a statutory definition of financial institution mirroring the Reserve Bank Act and makes consequential changes to tariff headings, table entries, and scope language in the existing notification.
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