These are the ‘Services’ which are exempt under GST:
We have highlighted in red-fonts the Exempt Services which are of importance/significance to charitable and religious institutions.
1. Services by Government or a local authority excluding the following services—
Exemption may be notified by way of issuing notification under section 55 of CGST/SGST Act.
[Charitable activities may be defined as presently in notification No 25/2012-ST.]
(i) music, or (ii) dance, or (iii) theatre, if the consideration charged for such performance is not more than one lakh and fifty thousand rupees:
23. Services of life insurance business provided by way of annuity under the National Pension System regulated by Pension Fund Regulatory and Development Authority of India (PFRDA) under the Pension Fund Regulatory And Development Authority Act, 2013 (23 of 2013)
35. Services received by the Reserve Bank of India, from outside India in relation to management of foreign exchange reserves;
Explanation.- For the purposes of this entry, it is hereby clarified that the provisions of this entry shall not be applicable to (a) services at S. No. 1 (i), (ii)and (iii); and
This shall be continued by way of notification under section 7(2)(b) of CGST/SGST Acts.
This exemption is available on reciprocal basis based on a certificate issued by MEA (Protocol Division): this shall be continued by way of notification under section 55 of CGST/SGST Acts.
(a) the National Skill Development Programme implemented by the National Skill Development Corporation; or
Source: cbec.gov.in (Schedule of GST rates for services as approved by GST Council)