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of <h1>West Bengal clarifies GST rules: No exemption on warehousing processed goods, ITC available for aircraft parts. Insurance exempt if govt-paid.</h1> The circular issued by the West Bengal Directorate of Commercial Taxes clarifies the applicability of GST and availability of Input Tax Credit (ITC) for certain services. It states that GST is not exempt on warehousing of processed agricultural products like tea, coffee, pulses, and jaggery as they do not qualify as agricultural produce. GST is applicable on inter-state transfer of aircraft engines and parts, but ITC is available for these transactions. General insurance services provided by the State Government to its employees or students are exempt from GST if the premium is paid by the government. These clarifications are effective from November 15, 2017.
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