NIL RATE OF GST ON SERVICES
(1) to a goods transport agency, a means of transportation of goods.
(2) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers.
Services by way of transportation by rai or a vessel from one place in India to another of the following goods:
(1) relief materials meant for victims of natural or man- made disasters, calamities, accidents or mishap.
(2) defense or military equipment's.
(3) organic manure.
(4) railway equipment's or materials.
(5) agricultural produce.
(6) milk, salt and good grain including flours, pulses and rice
Services provided by a goods transport agency, by way of transport in a goods carriage of
(1) agricultural produce.
(2) goods, where consideration charged for the transportation of goods on a consignment transported in a single carriage does not exceed one thousand live hundred rupees.
(3) goods, where consideration charged for transportation of all such goods for a single consignee does not exceed rupees seven hundred and fifty.
(4) milk, salt and food grain including flour, pulses and rice.
(5) organic manure, newspaper or magazines registered with the Registrar of Newspapers.
(6) relief materials meant for victims of natural or man- made disasters, calamities, accidents or mishap; or
(7) defense or military equipment's
Services by the Employees' State Insurance corporation to persons governed under the Employee's State Insurance Act, 1948 (34 of 1948)
Services by way of
(1) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount (other than interest involved in credit card services).
(2) inter se sale or purchase of foreign currency amongst banks or authorized dealers of foreign exchange or amongst banks and such dealers
(3) Service by way of access to a road or a bridge on payment of toll charges
(4) Services by way of loading, unloading, packing, storage or warehousing of rice,
(5) Transmission or distribution of electricity by an electricity transmission or distribution utility.
(6) Services by the Reserve Bank of India
Services provided by the Insurance Regulatory and the Development Authority of India to insurers under the Insurance Regulatory and the Development authority of India Act, 1999 (41 of 1999)
Services provided by the Employees provident fund organization to the persons government under the Employees provident funds and the Miscellaneous Provisions Act 1952 (19 of 1952)
Services of life insurance business provided by way of annuity under the National pension system regulated by the Pension Fund Regulatory and Develpment Authority of India under the pension Fund Regulatory and Development authority Act, 2013 (23 of 2013)
Services of life insurance business provided or agreed to be provided by the Army, Naval and Air Force Group Insurance Funds to members of the Army, Navy and Air force, respectively, under the Group Insurance Schemes of the Central Government
Services of general insurance business provided under following schemes -
(a) Rastriya Swasthika Bima Yojana.
(b) Jan Arogya Bima Policy, Central sector scheme on Cattle Insurance, Pradhan Mantri Suraksha Bima Yojna, National Agricultural Insurance Scheme (Rastriya Krishi Bima Yojana).
(c) Niramaya Health Insurance Scheme implemented by the Trust constituted under the provisions of the National Trust for the welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 (44 of 1999).
(d) Pilot Scheme on seed Crop Insurance, Universal Health Insurance scheme & Coconut palm Insurance Scheme.
(e) Hut Insurance Scheme, Cattle Insurance under Sanjayanthi Gram Saroz gar Yojna (earlier known as Integrated Rural Development Program).
(f) Scheme for Insurance of Tribals, Janata Personal Accident Policy and Gramin Accident Policy, Group personal accident Policy for Self- Employed Women.
(g) Agricultural Plumpest and Failed well Insurance, Premia collected on export credit insurance.
(h) Weather Based crop Insurance Scheme or the Modified National Agricultural Insurance Scheme, approved by the Government of India and implemented by the Ministry of Agriculture.
Services provided by an incubates up to a total turnover of fifty lakh rupees in a financial year subject to the following conditions, namely: -
(a) the total turnover had not exceeded fifty lakh rupees during the preceding financial year and a period of three years has not elapsed from the date of entering into an agreement as an incubate,
Services provided by-(a) an arbitral tribunal to (1) any person other than a business entity; or (2) a business entry with and aggregate turnover up to twenty lakh rupees (ten lakh rupees int the case of special category states) in the preceding financial year.
(b) a partnership firm of advocates or an Individual as an advocate other than a senior advocate, by way of legal services to (1) an advocate or partnership firm of advocates providing legal services. (2) any person other than business entity' or (3) a business entry with an aggregate turnover up to twenty lakh rupees (ten lakh rupees in the case of special category states) in the preceding financial year.
(c) a senior advocate by way of legal services to - (1) any person other than a business entity; or (2) a business entity with an aggregate turnover up to twenty lakh rupees (ten lakh rupees in the case of special category states) in the preceding financial year.
Services by a veterinary clinic in relation to health care of animals or birds.
Services provided by the Central Government, state Government, Union territory or local authority by way of - it
(a) registration required under any law for the time being in force.
(b) testing, calibration, safety check or certification relating to protection or safety of workers, consumers or public at large, including fire license, required under any law for the time being in force.
Services by an acquiring bank, to any person in relation to settlement of an amount up to two thousand rupees in single transaction transacted through credit card, debit card, charge card or other payment card service.
Explanation - For the purposes of this entry, "acquiring bank" means any banking company, financial institution including non- banking financial company or any other person, who makes the payment to any person who accepts such card.
Services provided by the Securities and Exchange Board of India set up under the Securities and Exchange Board of India Act, 1992 (15 of 1992) by way of protecting the interests of investors in securities and to promote the development of, and to reflate, the securities market.
Services of life insurance business provided under following schemes
(a) Janashree Bima Yojana
(b) Aam Aadmi Bima Yojana
(C) Life micro-insurance product as approved by the insurance Regulatory and Development Authority, have maximum amount of cover of fifty thousand rupees.
(d) Varshitha Pension Bima Yojana.
(e) Pradhan Mantri Jeevan Jyoti Bima Yojana:
(f) Pradhan Mantri Jan Dhan Yogana
(g) Pradhan Mantri Vaya Vandan Yojana
Services by the following persons in respective capacities -
(a) Business facilitator or a business correspondent to an insurance company in a rural area.
(b) Business facilitator or a business correspondent to a banking company with respect to accounts in its rural area branch:
(c) any person as an intermediary to a business facilitator or a business correspondent with respect to services mentioned in entry (b)
Services by way of collection of contribution under the Atal Pension Yojana
Services received by the Reserve Bank of India, from outside India in relation to management of foreign exchange reserves.
Services by way of collection of contribution under any pension scheme of the state Governments
Services provided to the Central Government, state Government, Union territory under any insurance scheme for which total premium is paid by the Central Government, state Government Union territory.
One-time upfront amount (called as premiun,salami, cost, price, development charges or by any other name) leviable in respect of the service, by way of granting long term (thirty years, or more) lease of industrial plots, provided by the State Government Industrial Development corporations or undertaking to industrial units.
Services of leasing of assets (rolling stock assets including wagons, coaches, locos) by the India Railways Finance corporation to Indian Railways.
Services provided by the Central Government, state Government, Union Territory or local authority by way of allowing a business entity to operate as a telecom service provider or use radio frequency spectrum during the period prior to the 1st of April 2016 on payment of License fee or spectrum user charges, as the case may be.
