GST Nil-rated services expanded to cover certain government-directed goods transport, PMJDY banking services and rehabilitation professionals. The State GST rate notification is amended to Nil-rate specified services: goods transport agency services to specified government/local entities registered under Central GST solely for tax deduction purposes; banking services to Basic Saving Bank Deposit account holders under PMJDY; and rehabilitation professionals' services at specified institutions. The amendment also revises certain tariff heading entries, omits a serial entry, inserts wording to include banking companies in an existing entry, and adds a definition of 'financial institution' as per the Reserve Bank of India Act. The changes take effect on 1 January 2019.
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Provisions expressly mentioned in the judgment/order text.
GST Nil-rated services expanded to cover certain government-directed goods transport, PMJDY banking services and rehabilitation professionals.
The State GST rate notification is amended to Nil-rate specified services: goods transport agency services to specified government/local entities registered under Central GST solely for tax deduction purposes; banking services to Basic Saving Bank Deposit account holders under PMJDY; and rehabilitation professionals' services at specified institutions. The amendment also revises certain tariff heading entries, omits a serial entry, inserts wording to include banking companies in an existing entry, and adds a definition of "financial institution" as per the Reserve Bank of India Act. The changes take effect on 1 January 2019.
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