https://www.taxtmi.com/circulars?id=71755 No Claim Bonus does not represent consideration for a supply by an insured to an insurer because the insured has no contractual obligation to refrain from lodging a claim. It is an admissible discount in valuing insurance services where disclosed in the policy terms and recorded in the invoice, and GST applies to the premium payable after that deduction. Mandatory e-invoicing exemptions for specified entities or sectors apply entity-wide, rather than only to specified categories of supplies. en-us Mon, 24 Apr 2023 00:00:00 +0530 Tue, 27 Oct 2026 10:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71755 No Claim Bonus does not represent consideration for a supply by an insured to an insurer because the insured has no contractual obligation to refrain from lodging a claim. It is an admissible discount in valuing insurance services where disclosed in the policy terms and recorded in the invoice, and GST applies to the premium payable after that deduction. Mandatory e-invoicing exemptions for specified entities or sectors apply entity-wide, rather than only to specified categories of supplies. Circulars GST - States Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71755