Key Amendments to IGST Act

Amendment Scope: Notification No. 9/2017- Integrated Tax (Rate) revised. New Entries: Added services by goods transport agencies to government entities and banking companies to BSBD account holders under PMJDY.

Entry Modifications: Updated entry for PSU exemptions to include banking companies. Entry Removal: Omitted serial number 70 and related entries.

Inclusion of Professionals: Introduced services by rehabilitation professionals at medical and educational institutions. Definition Addition: Added definition of "financial institution" per RBI Act, 1934.

Effective Date: Changes effective from January 1, 2019. Authority: Central Government, acting on Council recommendations, exercises powers under IGST Act. Signatory: Gunjan Kumar Verma, Under Secretary to the Government of India.