https://www.taxtmi.com/circulars?id=67699 The portion of life insurance premium excluded from taxable value by the valuation methodology for life insurance is not to be treated as an exempt or non taxable supply; accordingly, no reversal of input tax credit is required under the GST rules applicable to reversal where inputs are attributable to exempt or non taxable supplies. en-us Mon, 08 Jul 2024 00:00:00 +0530 Mon, 29 Jul 2024 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67699 The portion of life insurance premium excluded from taxable value by the valuation methodology for life insurance is not to be treated as an exempt or non taxable supply; accordingly, no reversal of input tax credit is required under the GST rules applicable to reversal where inputs are attributable to exempt or non taxable supplies. Circulars GST - States Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67699