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gst on lic
Whether gst is leviable with respect to life insurance policy taken before the appointed day..?
Replies (5)
Yes gst applicable wef 1.07.2018
Yes gst applicable wef 1.07.2018 on all policy
No........... Not applicable before Appointed day (1/7/2017)
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
Yes, Gst is applicable.
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