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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Assam GST Update: No Claim Bonus is a deductible u/s 15; e-invoicing exemptions apply to entire entities.</h1> The circular from the Principal Commissioner of State Tax, Assam, addresses clarifications on GST issues. It states that No Claim Bonus (NCB) offered by insurance companies is not a consideration for any supply by the insured and is a permissible deduction under section 15 of the Assam GST Act for determining the value of insurance services. Additionally, it clarifies that exemptions from mandatory e-invoicing apply to entities as a whole, not restricted by the nature of supply. The circular is intended to ensure uniform implementation and invites feedback on any difficulties encountered.
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