GST rate amendments: nil-rated Motor Vehicle Accident Fund insurance services and expanded exemptions for approved training partners. The notification amends the State GST rate schedule by substituting 'transmission or distribution' for 'transmission and distribution' at serial 25A; inserting a nil-rated entry for services of insurance provided by the Motor Vehicle Accident Fund funded by insurers' contributions from third-party motor insurance premiums (serial 36B); adding a training partner approved by the National Skill Development Corporation to the exempt entities at serial 69; omitting item (w) in paragraph 2 and inserting a definition of 'insurer' by reference to the Insurance Act.
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GST rate amendments: nil-rated Motor Vehicle Accident Fund insurance services and expanded exemptions for approved training partners.
The notification amends the State GST rate schedule by substituting "transmission or distribution" for "transmission and distribution" at serial 25A; inserting a nil-rated entry for services of insurance provided by the Motor Vehicle Accident Fund funded by insurers' contributions from third-party motor insurance premiums (serial 36B); adding a training partner approved by the National Skill Development Corporation to the exempt entities at serial 69; omitting item (w) in paragraph 2 and inserting a definition of "insurer" by reference to the Insurance Act.
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