GST exemption for specified public and social services expanded, adding transport, banking and rehabilitation services under amended notification. Adds nil-rated entries to the Punjab GST schedule for services by goods transport agencies when supplying to government departments, local authorities or agencies registered only for tax deduction; exempts banking services to Basic Saving Bank Deposit account holders under the national inclusion scheme; exempts rehabilitation services by Rehabilitation Council recognised professionals at specified public or registered charitable institutions. Inserts a definition of 'financial institution' as per the Reserve Bank of India Act and makes the amendment operative from the first day of January.
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Provisions expressly mentioned in the judgment/order text.
GST exemption for specified public and social services expanded, adding transport, banking and rehabilitation services under amended notification.
Adds nil-rated entries to the Punjab GST schedule for services by goods transport agencies when supplying to government departments, local authorities or agencies registered only for tax deduction; exempts banking services to Basic Saving Bank Deposit account holders under the national inclusion scheme; exempts rehabilitation services by Rehabilitation Council recognised professionals at specified public or registered charitable institutions. Inserts a definition of "financial institution" as per the Reserve Bank of India Act and makes the amendment operative from the first day of January.
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