GST exemption amendment expands insurance, transmission, and skill-training entries under the Sikkim rate notification. The amendment revises exemption entries under the Sikkim GST notification by substituting 'transmission or distribution' for 'transmission and distribution,' inserting a nil-rated exemption for insurance services provided by the Motor Vehicle Accident Fund, and extending an exemption entry to a training partner approved by the National Skill Development Corporation. It also omits one definition item from 1 April 2025 and inserts a definition of 'insurer' by reference to the Insurance Act, 1938.
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GST exemption amendment expands insurance, transmission, and skill-training entries under the Sikkim rate notification.
The amendment revises exemption entries under the Sikkim GST notification by substituting "transmission or distribution" for "transmission and distribution," inserting a nil-rated exemption for insurance services provided by the Motor Vehicle Accident Fund, and extending an exemption entry to a training partner approved by the National Skill Development Corporation. It also omits one definition item from 1 April 2025 and inserts a definition of "insurer" by reference to the Insurance Act, 1938.
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