Insurance exemption for individual and family policies clarified; reinsurance covered and e commerce local delivery excluded from GTA scope. The notification amends the State GST rate schedule to exempt life and health insurance services to insureds who are not a group, clarifying that the exemption applies to individual or individual-and-family contracts and that family includes all individuals insured as family; it also exempts reinsurance of those services. It excludes electronic commerce operators providing or facilitating local delivery services from the goods transport agency definition, and adds definitional provisions for 'group' and 'health insurance business'.
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Provisions expressly mentioned in the judgment/order text.
Insurance exemption for individual and family policies clarified; reinsurance covered and e commerce local delivery excluded from GTA scope.
The notification amends the State GST rate schedule to exempt life and health insurance services to insureds who are not a group, clarifying that the exemption applies to individual or individual-and-family contracts and that family includes all individuals insured as family; it also exempts reinsurance of those services. It excludes electronic commerce operators providing or facilitating local delivery services from the goods transport agency definition, and adds definitional provisions for 'group' and 'health insurance business'.
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