State GST amendment revises tariff wording, adds nil rate cover for Motor Vehicle Accident Fund insurance, and defines insurer. The amendment modifies the State GST rate schedule by substituting 'transmission or distribution' for 'transmission and distribution' in a tariff entry, inserting a nil rate entry for insurance services provided by the Motor Vehicle Accident Fund funded by insurers' contributions from third party motor insurance premiums, and adding a training partner approved by the National Skill Development Corporation to an exemption list. It omits a listed item effective from the first day of April next year and inserts a statutory definition of 'insurer' consistent with the Insurance Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
State GST amendment revises tariff wording, adds nil rate cover for Motor Vehicle Accident Fund insurance, and defines insurer.
The amendment modifies the State GST rate schedule by substituting "transmission or distribution" for "transmission and distribution" in a tariff entry, inserting a nil rate entry for insurance services provided by the Motor Vehicle Accident Fund funded by insurers' contributions from third party motor insurance premiums, and adding a training partner approved by the National Skill Development Corporation to an exemption list. It omits a listed item effective from the first day of April next year and inserts a statutory definition of "insurer" consistent with the Insurance Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
