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gst on lic

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118 Points Posted on 16 September 2018
Whether gst is leviable with respect to life insurance policy taken before the appointed day..?
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On 16 September 2018 at 13:11 Report
Replies (5)
Guest
Yes gst applicable wef 1.07.2018
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On 16 September 2018 at 14:07
Guest
Yes gst applicable wef 1.07.2018 on all policy
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On 16 September 2018 at 14:08
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GST Practitioner
55067 Points Posted on 16 September 2018
No........... Not applicable before Appointed day (1/7/2017)
301 Reply
On 16 September 2018 at 15:15
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GST Practitioner
55067 Points Posted on 16 September 2018
Sorry i misread your query . Even though the LIC is taken before appointed day but premium for the same is paid after appointed day the GST is levy So GST is applicable
301 Reply
On 16 September 2018 at 15:34
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24196 Points Posted on 16 September 2018
Yes, Gst is applicable.
161 Reply
On 16 September 2018 at 23:24


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