Enhanced Tax Amendments for Various Services

The Central Government, acting on Council recommendations, introduces significant amendments to the Integrated Goods and Services Tax Act, 2017, impacting service provisions across various sectors. Notable changes include revising eligibility criteria for exemption from registration under the CGST Act, 2017, ensuring clarity and uniformity in taxation thresholds.

Amendments extend tax exemptions for services provided in relation to the FIFA U-17 Women's World Cup 2020, subject to certification by the Director (Sports), Ministry of Youth Affairs and Sports. New provisions are introduced for services provided by intermediaries with both supplier and recipient of goods located outside the taxable territory, ensuring proper documentation and compliance.

The notification incorporates adjustments in tax rates and thresholds for specific services, aligning them with current fiscal realities.

Services such as life insurance provided by the Central Armed Police Forces and right to admission to events under FIFA U-17 Women's World Cup 2020 are now exempt from taxation. These amendments, effective from October 1, 2019, aim to streamline tax administration and facilitate ease of doing business in India.

Issued by Ruchi Bisht, Under Secretary to the Government of India, the amendments reflect the government's commitment to fostering a conducive regulatory environment for economic growth.