GST exemption for services by business facilitators and correspondents to banks and insurers for rural accounts clarified. Exemption from GST covers services by a business facilitator or business correspondent to a banking company for accounts in rural area branches, services by intermediaries to such facilitators/correspondents, and services by facilitators/correspondents to insurance companies in rural areas. Definitions align with the Reserve Bank of India Act and RBI appointment models; rural area excludes municipal and other urban-notified areas. Circular No. 86/05/2019-GST clarifies valuation for GST computation and the scope of services eligible for the exemption.