https://www.taxtmi.com/circulars?id=66165 NCB granted by insurers is not consideration from the insured for refraining from claims. Where NCB is pre-disclosed in the policy and shown in the invoice, it qualifies as an admissible discount under clause (a) of sub section (3) of section 15 of the KGST Act and may be deducted from gross premium; GST is leviable on the premium payable after deduction of the NCB recorded in the invoice. The e invoicing exemption in the cited notification applies to the exempted entity as a whole for all its supplies. en-us Wed, 04 Jan 2023 00:00:00 +0530 Mon, 16 Jan 2023 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66165 NCB granted by insurers is not consideration from the insured for refraining from claims. Where NCB is pre-disclosed in the policy and shown in the invoice, it qualifies as an admissible discount under clause (a) of sub section (3) of section 15 of the KGST Act and may be deducted from gross premium; GST is leviable on the premium payable after deduction of the NCB recorded in the invoice. The e invoicing exemption in the cited notification applies to the exempted entity as a whole for all its supplies. Circulars GST - States Wed, 04 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66165