GST exemptions expanded to cover specific transport, banking and rehabilitation services, altering tariff headings and adding a definition. The notification inserts nil-rated tariff entries for goods transport agency services to government/local authority entities registered only for tax deduction under Section 51, banking services by banking companies to BSBD account holders under PMJDY, and rehabilitation professionals' services at specified establishments; it also substitutes certain tariff headings, omits a prior serial entry, expands an existing entry to include banking companies and adds a definition of financial institution, with effect from 1 January 2019.
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Provisions expressly mentioned in the judgment/order text.
GST exemptions expanded to cover specific transport, banking and rehabilitation services, altering tariff headings and adding a definition.
The notification inserts nil-rated tariff entries for goods transport agency services to government/local authority entities registered only for tax deduction under Section 51, banking services by banking companies to BSBD account holders under PMJDY, and rehabilitation professionals' services at specified establishments; it also substitutes certain tariff headings, omits a prior serial entry, expands an existing entry to include banking companies and adds a definition of financial institution, with effect from 1 January 2019.
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