NPS Trust services compensated by fees are exempt from GST under Heading 9971 or 9991 per notification no. 15/2018.
Services provided by the National Pension System (NPS) Trust to its members, which are compensated through administrative fees, are generally exempt from Goods and Services Tax (GST) under Heading 9971 or Heading 9991. This exemption applies across Central Goods and Services Tax (CGST), Union Territory Goods and Services Tax (UTGST), State Goods and Services Tax (SGST), and Integrated Goods and Services Tax (IGST). This provision was introduced by notification no. 15/2018, effective from July 27, 2018.