Hi, Need help anyone
Is TDS on GST applicable on Insurance Premium renewal of students. If the Invoice amount is more than 2.5 lakh without including GST 18%. And if the Insurance Company is Govt.
Thanks.
Mhon Ngullie (12 Points)
21 February 2020Hi, Need help anyone
Is TDS on GST applicable on Insurance Premium renewal of students. If the Invoice amount is more than 2.5 lakh without including GST 18%. And if the Insurance Company is Govt.
Thanks.
Pankaj Rawat
(GST Practitioner)
(55030 Points)
Replied 21 February 2020
Mhon Ngullie
(12 Points)
Replied 21 February 2020
Our Institute is taking insurance & yes we are registered with GST
Pankaj Rawat
(GST Practitioner)
(55030 Points)
Replied 22 February 2020
Anand Mhetre
(Service)
(31 Points)
Replied 22 February 2020
Mhon Ngullie
(12 Points)
Replied 22 February 2020
Thank you sir.
So we cannot deduct TDS GST/IGST from the Invoice amount of Insurance premium.
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