GST rate amendment narrows transmission/distribution scope and nil rates Motor Vehicle Accident Fund insurance services. The notification amends the State GST rate schedule by substituting 'transmission or distribution' for 'transmission and distribution' at serial 25A, inserting serial 36B to nil rate insurance services provided by the Motor Vehicle Accident Fund financed by insurers from third party motor insurance premiums, adding a training partner approved by the National Skill Development Corporation to the exemption list at serial 69, omitting item (w) in paragraph 2, and inserting a definition of 'insurer' aligned with the Insurance Act.
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GST rate amendment narrows transmission/distribution scope and nil rates Motor Vehicle Accident Fund insurance services.
The notification amends the State GST rate schedule by substituting "transmission or distribution" for "transmission and distribution" at serial 25A, inserting serial 36B to nil rate insurance services provided by the Motor Vehicle Accident Fund financed by insurers from third party motor insurance premiums, adding a training partner approved by the National Skill Development Corporation to the exemption list at serial 69, omitting item (w) in paragraph 2, and inserting a definition of "insurer" aligned with the Insurance Act.
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