GST exemptions updated: registration threshold linked to exemption eligibility and new nil-rated services for FIFA youth women's World Cup. Amendments replace fixed monetary exemption thresholds with a formulation tying exemption to exemption from registration under the State GST Act, 2017; advance certain reference years from 2019 to 2020; and add nil-rated entries for FIFA U-17 Women's World Cup services (subject to certification), admission rights to tournament events, specified storage and warehousing services for listed agricultural and raw commodities, and CAPF Group Insurance life insurance services. Changes include insertion of an additional insurance product name and wording adjustments to broaden qualifying language. Effective date: 1 October 2019.
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GST exemptions updated: registration threshold linked to exemption eligibility and new nil-rated services for FIFA youth women's World Cup.
Amendments replace fixed monetary exemption thresholds with a formulation tying exemption to exemption from registration under the State GST Act, 2017; advance certain reference years from 2019 to 2020; and add nil-rated entries for FIFA U-17 Women's World Cup services (subject to certification), admission rights to tournament events, specified storage and warehousing services for listed agricultural and raw commodities, and CAPF Group Insurance life insurance services. Changes include insertion of an additional insurance product name and wording adjustments to broaden qualifying language. Effective date: 1 October 2019.
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