The 31st GST Council meeting has exempted the services of certain entities and professionals from the ambit of the Goods and Services Tax ( GST ).
As per the decision of the Council, the services supplied by the rehabilitation professionals recognized under the Rehabilitation Council of India Act, 1992 at medical establishments, educational institutions, rehabilitation centers established by Central Government / State Government or Union Territories or entity registered under section 12AA of the Income Tax Act shall be exempted.
Under the new tax regime, GST will be applicable to some of the services and goods supplied by a charitable trust or an NGO.
To be exempted from taxation, a charitable trust or an NGO must be registered under Section 12AA of the Income Tax Act, and the services provided by the charitable trust or the NGO must be for a charitable cause.
The exemption was also given to the services provided by Central or State Government or Union Territory Government to their undertakings or PSUs by way of guaranteeing loans taken by them from financial institutions as it is extended to guaranteeing of such loans taken from banks.
