Services exemption for life insurance business under group schemes extends GST relief to armed forces group insurance funds. Exemption from GST applies to services of life insurance business provided or agreed to be provided by Army, Naval and Air Force Group Insurance Funds to their members under Central Government Group Insurance Schemes, with life insurance business referenced to its statutory definition in the Insurance Act to determine eligibility.
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Provisions expressly mentioned in the judgment/order text.
Services exemption for life insurance business under group schemes extends GST relief to armed forces group insurance funds.
Exemption from GST applies to services of life insurance business provided or agreed to be provided by Army, Naval and Air Force Group Insurance Funds to their members under Central Government Group Insurance Schemes, with life insurance business referenced to its statutory definition in the Insurance Act to determine eligibility.
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