Reduction in GST Rates/Exemptions on Services

Reduction in GST Rates GST rate on cinema tickets above Rs. 100 shall be reduced from 28% to 18% and on cinema tickets uptoRs. 100 from 18% to 12%.  GST rate on third party insurance premium of goods carrying vehicles shall be reduced from 18% to 12% Services supplied by banks to Basic Saving Bank Deposit (BSBD) account holders under PradhanMantri Jan DhanYojana (PMJDY) shall be exempted. Services supplied by rehabilitation professionals recognized under Rehabilitation Council of India Act, 1992at medical establishments, educational institutions, rehabilitation centers established by Central Government / State Government or Union Territories or entity registered...

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