The CBIC has issued Notification No. 04/2024- Central Tax (Rate) dated 12.07.2024, to amend Notification No.12/2017-Central Tax (Rate), dated June 28, 2017 (Services Exemption Notification). By this Notification, CBIC has been issued to give effect to the recommendations of the 53rd GST Council Meeting held on 22nd June, 2024, relating to provide exempt services from payment of tax. The Notification shall be effective w.e.f. 15.07.2024. 

Exemption provided in respect to following services :

A. services provided by Indian railways to general public namely, Sale of platform tickets, facility of retiring rooms/ waiting rooms, cloak room services and battery-operated car services. 

B. Services provided by Special Purpose Vehicles (SPVs) to Indian Railways to use the infrastructure built and owned by them during the concession period against consideration and services of maintenance services supplied by Indian railways to SPV. 

C. Intra-railway services

D. Services by way of hostel accommodation outside educational institutions up to₹ 20,000 per person per month. However, the condition will be the student must have stayed in the hostel for a continuous period of 90 days. The condition has been introduced to prevent hotels from taking advantage of the exemption. (Separate Entry 12A inserted in NN. 12/2017-Central tax (rate) under Heading 9963)

To read the complete Notification https://taxo.online/wp-content/uploads/2024/07/Notification_No._04_2024-_Central_Tax_Rate__12.7.2024.pdf