GST exemption for services by governmental authorities covering activities relating to municipal and Panchayat functions. Exemption from GST applies to services by a governmental authority where services relate to functions entrusted to a municipality or Panchayat; a governmental authority means a statutory authority or a body with ninety per cent or more government participation by equity or control carrying out those entrusted functions; regulatory bodies meeting that definition, including a real estate regulatory authority, are covered by the exemption; the provision was amended to narrow covered providers to governmental authorities as defined.