https://www.taxtmi.com/circulars?id=66176 No Claim Bonus does not amount to consideration from the insured to the insurer and is not a supply; where NCB is pre disclosed in the policy and recorded in the invoice, it is an admissible deduction from the value of insurance services for GST valuation, and GST is leviable on the premium after NCB deduction. Exemption from mandatory e invoicing for specified sectors applies to the entity as a whole, covering all supplies made by that entity. en-us Wed, 11 Jan 2023 00:00:00 +0530 Mon, 30 Jan 2023 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66176 No Claim Bonus does not amount to consideration from the insured to the insurer and is not a supply; where NCB is pre disclosed in the policy and recorded in the invoice, it is an admissible deduction from the value of insurance services for GST valuation, and GST is leviable on the premium after NCB deduction. Exemption from mandatory e invoicing for specified sectors applies to the entity as a whole, covering all supplies made by that entity. Circulars GST - States Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66176