Exempted supply of services - Seeks to amend Notification 12/2017- Union Territory Tax (Rate), dated 28th June, 2017 to implement the recommendations of the 55th GST Council. - 06/2025 - Union Territory GST (UTGST) Rate
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Insurance exemption: Motor Vehicle Accident Fund services added as nil-rated; transmission wording and insurer definition amended. The notification amends the UTGST rate schedule by substituting 'transmission and distribution' with 'transmission or distribution' at serial 25A, inserting a nil-rated entry for insurance services of the Motor Vehicle Accident Fund as new serial 36B funded by insurers' contributions from third-party motor insurance premiums, adding training partners approved by the National Skill Development Corporation to the serial 69 exemptions, omitting item (w) effective 1 April 2025, and inserting a definition that 'insurer' has the meaning under the Insurance Act.
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Provisions expressly mentioned in the judgment/order text.
Insurance exemption: Motor Vehicle Accident Fund services added as nil-rated; transmission wording and insurer definition amended.
The notification amends the UTGST rate schedule by substituting "transmission and distribution" with "transmission or distribution" at serial 25A, inserting a nil-rated entry for insurance services of the Motor Vehicle Accident Fund as new serial 36B funded by insurers' contributions from third-party motor insurance premiums, adding training partners approved by the National Skill Development Corporation to the serial 69 exemptions, omitting item (w) effective 1 April 2025, and inserting a definition that "insurer" has the meaning under the Insurance Act.
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