NRI - GST Life Insurance Premium Refund

Hi,

  I have a Life Insurance Policy through ICICI Prudential which I am paying from my Indian Bank Account (INR). As I am an NRI (OCI) can I claim the GST refund? If so, what is the procedure?.

 

Thanks,

Sanjay

Replies (6)
Quick Summary
This discussion explores whether Non-Resident Indians (NRIs) can claim a Goods and Services Tax (GST) refund on life insurance premiums paid from an Indian bank account. The consensus is that NRIs cannot claim a GST refund on life insurance premiums. This is because GST refunds are generally applicable only to zero-rated supplies like exports or supplies from Special Economic Zones (SEZs), and are typically claimed by the supplier, not the recipient.

You have not claimed in gst Refund on life insurance policy
It come under block credit , U can't get refund or ITC
No you cannot claim gst refund

Refund cannot be claimed by NRI. Gst does not provides any refund for NRi

Refund under GST is allowed on zero rated supply that means export and supply from sez

And only to suppliers of goods or services. Not to the recipient. 

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