GST exemption for life insurance services by Central Armed Police Forces Group Insurance Funds extends to member benefits under group schemes. Services of life insurance provided or agreed to be provided by Central Armed Police Forces Group Insurance Funds to their members under the respective Group Insurance Schemes are exempt from GST; 'life insurance business' is as defined in clause (11) of section 2 of the Insurance Act, 1938. The exemption was inserted by Notification No. 20/2019-Integrated Tax (Rate), effective 1 October 2019.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST exemption for life insurance services by Central Armed Police Forces Group Insurance Funds extends to member benefits under group schemes.
Services of life insurance provided or agreed to be provided by Central Armed Police Forces Group Insurance Funds to their members under the respective Group Insurance Schemes are exempt from GST; "life insurance business" is as defined in clause (11) of section 2 of the Insurance Act, 1938. The exemption was inserted by Notification No. 20/2019-Integrated Tax (Rate), effective 1 October 2019.
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