TaxTMI 
TaxTMI 
TaxTMI 
Sir
As per the notification wef 18.7.2022 postal life insurance premium payable is omitted from RCM. But the Department of posts, the premium has been recovered from the insured alongwith CGST ON 18.7.2022. Is it in order? What is the remedy?
GST AMENDMENT from 18.7.2022
Palanisamy Rajendiran
Reverse charge exclusion for postal life insurance premium: recovery of GST questioned, period clarification sought. Amendment effective 18 July 2022 removed postal life insurance premium from the reverse charge mechanism; despite this, the Department of Posts recovered the premium from the insured with CGST on that date, prompting a compliance query and a request for clarification of the period involved to determine appropriate action. (AI Summary)
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