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of <h1>Gujarat GST Update: No Claim Bonus Not a Supply; E-Invoicing Exemption Applies to Entire Entity.</h1> The circular issued by the Chief Commissioner of State Tax in Gujarat addresses two main GST-related issues. First, it clarifies that a no claim bonus (NCB) offered by insurance companies is not considered a supply from the insured to the insurer and is a permissible discount under the Gujarat GST Act for determining the value of insurance services. GST should be levied on the premium amount after deducting the NCB. Second, it states that exemptions from mandatory e-invoicing apply to an entity as a whole, not limited to specific supplies, as per the amended Notification No. 13/2020-State Tax.
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