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        Exemption for foreign services to central bank removed, affecting GST treatment of reserve bank forex management services. The schedule entry exempting services received by the Reserve Bank of India from outside India for management of foreign exchange reserves has been omitted by notification, removing the prior GST exemption and changing the tax treatment of such externally sourced reserve-management services.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Exemption for foreign services to central bank removed, affecting GST treatment of reserve bank forex management services.

                                The schedule entry exempting services received by the Reserve Bank of India from outside India for management of foreign exchange reserves has been omitted by notification, removing the prior GST exemption and changing the tax treatment of such externally sourced reserve-management services.


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