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Tds Applicable on General Insurance

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(Querist)
06 October 2021 Sir ,

We have taken the insurance for stock movement from other country to anywhere in india and for that purpose we have paid the premium to the insurance company ,My Question is that whether tds is to be deducted on such payment .

Secondly is any other tax applicable pls specify .


Regards
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 October 2021 TDS is not applicable on insurance premium paid to an insurance company.
GST applicable on such instances premium.
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