Madhya Pradesh Amends GST Notification: Updates Tax Exemptions on Services Including Air Travel, Insurance, and Postal Services.
The Madhya Pradesh State Government has amended Notification No. FA-3-42/2017/1/V(53) dated June 30, 2017, under the Madhya Pradesh Goods and Services Tax Act, 2017. The amendments involve the removal of specific services from tax exemptions, such as speed post, express parcel post, life insurance, and agency services provided to non-government entities. Changes include modifications to tax exemptions for air travel, storage services, and tour operator services. New entries cover services like storage of agricultural products and postal services for lightweight items. The notification, effective from July 18, 2022, also addresses exemptions for specific recreational and sports training services.
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