Seeks to amend notification No. 12/2017- Central Tax (Rate) to exempt services as recommended by GST Council in its 37th meeting held on 20.09.2019. - 21/2019 - Central GST (CGST) Rate
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GST exemptions expanded: specified sports, storage and insurance services now nil-rated under amended notification with aligned registration threshold. The notification amends CGST Rate Notification No.12/2017 by replacing numeric turnover thresholds with wording tying eligibility to exemption from registration, inserting nil-rated exemptions for FIFA U-17 Women's World Cup 2020 services (including admission rights) subject to certification, exempting storage/warehousing of specified agricultural commodities, exempting CAPF Group Insurance Fund life insurance services to members, and updating certain wording and calendar references; amendments take effect from the operative date.
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GST exemptions expanded: specified sports, storage and insurance services now nil-rated under amended notification with aligned registration threshold.
The notification amends CGST Rate Notification No.12/2017 by replacing numeric turnover thresholds with wording tying eligibility to exemption from registration, inserting nil-rated exemptions for FIFA U-17 Women's World Cup 2020 services (including admission rights) subject to certification, exempting storage/warehousing of specified agricultural commodities, exempting CAPF Group Insurance Fund life insurance services to members, and updating certain wording and calendar references; amendments take effect from the operative date.
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