https://www.taxtmi.com/manuals?id=2510 Determination of taxable value under Rule 32(4) of the CGST Rules treats gross premium less any investment allocation intimated to the policyholder as the taxable amount; absent intimation, single premium annuity policies are valued at ten percent of the premium, other mixed-benefit policies at 25% in the first year and 12.5% thereafter, and pure risk-cover policies at the full premium. Amounts excluded from taxable value under Rule 32(4) are not considered non-taxable or exempt for input tax credit reversal under Section 17(1) read with Rules 42 and 43. en-us Mon, 20 Mar 2023 15:39:00 +0530 Fri, 28 Jun 2024 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2510 Determination of taxable value under Rule 32(4) of the CGST Rules treats gross premium less any investment allocation intimated to the policyholder as the taxable amount; absent intimation, single premium annuity policies are valued at ten percent of the premium, other mixed-benefit policies at 25% in the first year and 12.5% thereafter, and pure risk-cover policies at the full premium. Amounts excluded from taxable value under Rule 32(4) are not considered non-taxable or exempt for input tax credit reversal under Section 17(1) read with Rules 42 and 43. Manuals GST Mon, 20 Mar 2023 15:39:00 +0530 https://www.taxtmi.com/manuals?id=2510