📢 𝗚𝗢𝗜: 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗚𝗦𝗧 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗨𝘁𝗶𝗹𝗶𝘁𝘆, 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹, 𝗮𝗻𝗱 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟴/𝟮𝟬𝟮𝟰 - Central Tax (Rate) Various public utility, educational, and research services are now exempt from GST, with several key services under the National Skill

Development Program attracting Nil GST. 🔍 𝗙𝗮𝗰𝘁𝘀: 𝗜𝘀𝘀𝘂𝗲𝗱 𝗕𝘆: Ministry of Finance, Government of India 𝗗𝗮𝘁𝗲: 8th October 2024 𝗖𝗵𝗮𝗻𝗴𝗲𝘀: Services such as metering equipment rental, testing, and other incidental services related to electricity distribution provided by utilities will now have Nil GST.

Research and Development services funded by government entities, universities, and research associations notified under section 35 of the Income Tax Act will also attract Nil GST. Educational Affiliation Services provided by educational boards or councils to government-owned schools will be exempt from GST. Services provided under the National Skill Development Program by recognized bodies will attract Nil GST, encouraging vocational training.

⚖ 𝗝𝘂𝗱𝗴𝗺𝗲𝗻𝘁: This notification promotes public services and education by reducing the tax burden in these key sectors. The exemption of GST for these services supports their affordability and accessibility.

📜 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻: 𝗧𝗶𝘁𝗹𝗲: 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 08/2024-Central Tax (Rate) 𝗢𝗿𝗱𝗲𝗿 𝗗𝗮𝘁𝗲: 8th October 2024 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗗𝗮𝘁𝗲: 10th October 2024

This amendment aims to bolster public utilities, research, and education by providing significant GST exemptions, particularly for skill development programs, ensuring a positive impact on these