Applicability of Sales Tax for Life Insurance Policies

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pplicability of Sales Tax for Life Insurance Policies<br> Query (Issue) Started By: - Rahul Bagaria Dated:- 12-1-2011 Last Reply Date:- 20-7-2011 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>My com....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pany is into the business of life insurance and service tax is not applicable in the state of J&K for life insurance companies.However there is GST @10.5% in the state of J&K for sale of life insuranc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e products. We have sole few policies in Jammu though we do not have any place of business in J&K. These policies were sold from Punjab and Haryana to the people of J&K. Do we have to pay GST under ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....these scenerio. Reply By pradeep khatri: The Reply: Insurance Policies are not being treated as 'Goods'. Therefore, GST @ 10.50% will not be applicable.<br> Discussion Forum - Knowledge Sharing ....