Act Name/Rule Name:
Central Goods and Services Tax Act, 2017,
Integrated Goods and Services Tax Act, 2017,
Union Territory Goods and Services Tax Act, 2017
Type of Document: Notification
Date: January 16, 2025
Circular No./Notification No.:
Notification No. 06/2025-Central Tax (Rate)
Notification No. 06/2025-Integrated Tax (Rate)
Notification No. 06/2025-Union Territory Tax (Rate)
(1) | (2) | (3) | (4) | (5) |
36B | Heading 9971 or Heading 9991 | Services of insurance provided by the Motor Vehicle Accident Fund, constituted under section 164B of the Motor Vehicles Act, 1988(59 of 1988), against contributions made by insurers out of the premiums collected for third party insurance of motor vehicles. | Nil | Nil |
“(f) a training partner approved by the National Skill Development Corporation,”
“(zja) “insurer” has the same meaning as assigned to it in sub-section (9) of section 2of the Insurance Act, 1938(4 of 1938).”
The amendments clarify the GST treatment for certain services, making the tax regime more consistent and ensuring the appropriate tax treatment for motor vehicle insurance funds and skill development initiatives. The removal of item (w) and the new insertion for “insurer” will help streamline taxation for the insurance sector.
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