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    <title>Amendment in Notification No. G.O.Ms No.588 Revenue (CT-II) Department, dated 12-12-2017</title>
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    <description>Effective 1 January 2019, the notification adds nil-rated entries: goods transport agency services to government departments/local authorities/governmental agencies registered only to deduct tax under section 51; banking company services to BSBD account holders under PMJDY; and rehabilitation professionals&#039; services at specified medical, educational or government-established centres or entities registered under section 12AA. It also amends certain tariff heading references, omits a prior serial entry, and inserts a definition of &quot;financial institution&quot; aligned with the Reserve Bank of India Act.</description>
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      <description>Effective 1 January 2019, the notification adds nil-rated entries: goods transport agency services to government departments/local authorities/governmental agencies registered only to deduct tax under section 51; banking company services to BSBD account holders under PMJDY; and rehabilitation professionals&#039; services at specified medical, educational or government-established centres or entities registered under section 12AA. It also amends certain tariff heading references, omits a prior serial entry, and inserts a definition of &quot;financial institution&quot; aligned with the Reserve Bank of India Act.</description>
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