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GST on insurance of agri commodities
A company providing warehousing services of agri commodities, if takes insurance of such agri commodities, is GST applicable on insurance premium ? (as anything applicable to agri commodities is exempt from tax)
Replies (2)
As per Notification 12/2017 CT (R) , it's exempted if general insurance is provided :
(j) National Agricultural Insurance
Scheme (Rashtriya Krishi Bima Yojana);
(k) Pilot Scheme on Seed Crop Insurance;
(l) Central Sector Scheme on Cattle
Insurance;
(m) Universal Health Insurance Scheme;
(n) Rashtriya Swasthya Bima Yojana;
(o) Coconut Palm Insurance Scheme.
(j) National Agricultural Insurance
Scheme (Rashtriya Krishi Bima Yojana);
(k) Pilot Scheme on Seed Crop Insurance;
(l) Central Sector Scheme on Cattle
Insurance;
(m) Universal Health Insurance Scheme;
(n) Rashtriya Swasthya Bima Yojana;
(o) Coconut Palm Insurance Scheme.
what about GST on insurance premium for insurance cover against STFI for agri products ?
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