Lic policy service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2013
What benefit I will have if I take LIC policy before levy of Service Tax from 1st of october?
14 August 2013
your premium is less
if you purchase LIC after imposition of ST,
your premium is increased by 12.36%
if you purchase LIC after imposition of ST,
your premium is increased by 12.36%
15 August 2013
It may not make a big difference as the premium paid before 1.10.2013 only shall not be charged 3% service tax. on All premiums paid after 01.10.2013 shall attract 3% service tax
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