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of <h1>Service Tax Not Applicable on Life Insurance Premium Reminders; Not Considered Invoices per Point of Taxation Rules 2011.</h1> The circular addresses the issue of whether service tax applies to reminder notices sent by life insurance companies for premium payments. It clarifies that these reminders, which solicit further service from policyholders, do not constitute invoices under the Point of Taxation Rules 2011 and therefore do not trigger a service tax liability. Service tax is only applicable when an invoice is issued or payment is received, as per Rule 4A of the Service Tax Rules 1994. This clarification is specific to the life insurance sector, and relevant notices should be communicated to field formations.
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