Goods and Services Tax classification updated for transport and clinical services; new rates and input tax credit limits apply. The notification reclassifies and re-rates specified passenger and goods transport services including ropeway transport, prescribes lower rates for certain categories, and denies input tax credit on goods and services used in supplying those services. It establishes an annual, irrevocable option mechanism for Goods Transport Agencies to pay GST under forward charge via Annexure V, and adds taxable entries for certain clinical establishment room charges and biomedical waste treatment services, with accompanying definitions.
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Goods and Services Tax classification updated for transport and clinical services; new rates and input tax credit limits apply.
The notification reclassifies and re-rates specified passenger and goods transport services including ropeway transport, prescribes lower rates for certain categories, and denies input tax credit on goods and services used in supplying those services. It establishes an annual, irrevocable option mechanism for Goods Transport Agencies to pay GST under forward charge via Annexure V, and adds taxable entries for certain clinical establishment room charges and biomedical waste treatment services, with accompanying definitions.
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