Exemptions for specified services extend nil-rate treatment to select government-related transport, banking and rehabilitation services from notification amendment. The amendment inserts targeted nil-rate exemptions for specified services: goods transport agency services to government entities registered only for tax deduction at source; banking services to Basic Saving Bank Deposit account holders under PMJDY; and rehabilitation, therapy or counselling services by recognised professionals at certain public and registered institutions. It also adds a definition aligning 'financial institution' with the Reserve Bank of India Act and makes consequential tariff-heading and serial-entry adjustments in the principal State Tax (Rate) notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemptions for specified services extend nil-rate treatment to select government-related transport, banking and rehabilitation services from notification amendment.
The amendment inserts targeted nil-rate exemptions for specified services: goods transport agency services to government entities registered only for tax deduction at source; banking services to Basic Saving Bank Deposit account holders under PMJDY; and rehabilitation, therapy or counselling services by recognised professionals at certain public and registered institutions. It also adds a definition aligning "financial institution" with the Reserve Bank of India Act and makes consequential tariff-heading and serial-entry adjustments in the principal State Tax (Rate) notification.
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