Changes in GST Rate of services,Exemptions and RCM Services
Notification No 07/2024, 08/2024 & 09/2024 related to Changes in GST Rate of services ,Exemptions and RCM Services effective from 10-10-2024.
Changes in GST Rate of Services (applicable from 10-10-2024)
| Serial No | Description of Service | Old Rate | New Rate | Remarks |
| 8(ivb) | Transportation of Passengers, with or without accompanied baggage, by air, in a helicopter on seat share basis. | – | 5% | Provided that credit of Input tax charged on goods used in supplying the services has not been taken |
Changes in GST Exemption on certain services (applicable from 10-10-2024)
| Serial No | Heading | Description of Service | Rate | Conditions |
| 25A | 9969 or 9986 | Supply of services by providing metering equipment on rent, testing for meters/transformers/capacitors etc releasing electricity connections, shifting of meters/service lines, issuing duplicate bills etc. which are incidental or ancillary to the supply of transmission and distribution of electricity provided by electricity transmission and distribution utilities to their consumers. | Exempt | Nil |
| 44A | 9981 | Research and development services against consideration received in the form of grants supplied by – (a) a Government Entity; or (b) a research association, university, college or other institution, notified under clauses (ii) or (iii) of sub-section (1) of section 35 of the Income Tax Act, 1961. | Exempt | Provided that the research association, university, college or other institution, notified under clauses (ii) or (iii) of sub section (1) of section 35 of the Income Tax Act, 1961 is so notified at the time of supply of the research and development service.” |
| 66A | 9982 | Services of affiliation provided by a Central or State Educational Board or Council or any other similar body, by whatever name called, to a school established, owned or controlled by the Central Government, State Government, Union Territory, local authority, Governmental authority or Government entity | Exempt | Nil |
| 69 | 9983 or 9991 or 9992 | Any services provided by – (a) the National Skill Development Corporation set up by the Government of India; (b) the National Council for Vocational Education and Training; (c) an Awarding Body recognized by the National Council for Vocational Education and Training; (d) an Assessment Agency recognized by the National Council for Vocational Education and Training; (e) a Training Body accredited with an Awarding Body that is recognized by the National Council for Vocational Education and Training, in relation to- (i) the National Skill Development Programme or any other scheme implemented by the National Skill Development Corporation; or (ii) a vocational skill development course under the National Skill Certification and Reward Scheme; or (iii) Monetary any National Skill Qualification Framework aligned qualification or skill in respect of which the National Council for Vocational Education and Training has approved a qualification package. | Exempt | Nil |
| 10L | Chapter-99 | Import of service by foreign airlines Company in india from related person or any establishment outside India without any payment or consideration | Exempt | Conditions as per Note-1 |
Note-1: Exemption available based on the additional conditions:
- GST at applicable rates is paid by the establishment of the foreign airline company in India on transport of goods and passengers as may be applicable.
- The Ministry of Civil Aviation certifies that the establishment of the foreign company in India is that of an airline company which has been designated by the foreign government under the applicable bilateral air services agreement with India
- The Ministry of Civil Aviation certifies that on a reciprocal basis, designated Indian airlines are not subject to levy of similar taxes by whatever name called for the same services appearing under the entry, by the Government of the country designating the foreign airline company
Changes in GST Exemption on certain services (applicable from 10-10-2024)
| Sr No | Description of Service | Supplier | Recipient | Remarks |
| 5AB & 6AB | Service by way of renting of any property other than residential dwelling | Any-unregistered person | Registered person | RCM will be applicable from 10-10-2024 |
- Corrigendum has been issued on 22-10-2024, to add the word “Any immovable property” in the above service in Central Tax (Rate) and IGST (Rate) Notifications.
- It means Only Immovable property other than residential dwellings by Unregistered persons to registered persons are liable for RCM from 10-10-2024.
Download – Notification No 07/2024,08/2024 & 09/2024-CT & IGST
Download – CorrigenCorrigendum To Notification No 09/2024-CTR
