https://www.taxtmi.com/circulars?id=67648 The portion of premium excluded from taxable value under Rule 32(4) for life insurance policies is a valuation outcome and is not thereby converted into an exempt or non taxable supply; consequently, reversal of input tax credit under Section 17(1) read with Rules 42 and 43 is not required for that excluded portion. en-us Thu, 04 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67648 The portion of premium excluded from taxable value under Rule 32(4) for life insurance policies is a valuation outcome and is not thereby converted into an exempt or non taxable supply; consequently, reversal of input tax credit under Section 17(1) read with Rules 42 and 43 is not required for that excluded portion. Circulars GST - States Thu, 04 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67648