gst on lic
Jhalak Jain (118 Points)
16 September 2018
Whether gst is leviable with respect to life insurance policy taken before the appointed day..?
5 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 16 September 2018
No........... Not applicable before Appointed day (1/7/2017)
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 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
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