GST Two Wheeler Insurance Policy

Save Share

This query is : Resolved

Sachin Kumar (Querist)

04 February 2018 I had purchased 2 wheeler insurance policy from ICICI Lombard. Total Premium Paid is Rs. 1364 (Total Package premium is 1156 + 9% CGST + 9% SGST) I reside in Haryana and ICICI Lombard head office is in Maharashtra. So how they had charged CGST & SGST...? They should have charged IGST as there is inter state supply of services. Thanks in advance.

RAJA P M

RAJA P M (Expert)

05 February 2018 Check the ICICI GSTIN.. Where you from get the Insurance?

Message likes : 1 times

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 February 2018 Branch office registered in Haryana might have issued the policy hence charging cgst and sgst is in order.

Message likes : 1 times

Sachin Kumar

Sachin Kumar (Querist)

05 February 2018 sir, Today they had issued final policy document and in that IGST is charged on Rs. 1156@18% Yesterday the soft copy which is generated immediately after paying the premium was wrong.

Message likes : 1 times

RAJA P M

RAJA P M (Expert)

05 February 2018 As per my view.,
Firstly they received Policy from intra state branch and give you Proforma / Invoice for order taken and decided given from Intra State.
But., After their decisions they will give it Inter State supply then given IGST Invoice...

Good Luck...

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now