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GST amendment expands exempted service categories and adds multimodal transport classification, reclassifying admission and IP services. The amendment modifies the notification's Table and Annexure by inserting and substituting entries: adding 'or 12AB' to a charitable entry; creating a distinct entry for temporary or permanent transfer or permitting use of Intellectual Property rights; inserting job-work services in relation to manufacture of alcoholic liquor for human consumption; reclassifying admissions to theme parks, water parks, casinos and certain sporting events into separate taxable entries; substituting a Schedule reference in an Explanation; and adding multimodal transport group classifications.
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GST amendment expands exempted service categories and adds multimodal transport classification, reclassifying admission and IP services.
The amendment modifies the notification's Table and Annexure by inserting and substituting entries: adding "or 12AB" to a charitable entry; creating a distinct entry for temporary or permanent transfer or permitting use of Intellectual Property rights; inserting job-work services in relation to manufacture of alcoholic liquor for human consumption; reclassifying admissions to theme parks, water parks, casinos and certain sporting events into separate taxable entries; substituting a Schedule reference in an Explanation; and adding multimodal transport group classifications.
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