No GST on Services provided to the Government under any insurance scheme

 

Services provided to the Government under any insurance scheme is exempted from paying GST

 

Is GST payable on Services provided to the Government under any insurance scheme for which total premium is paid by Government?  Is GST exempted on Services provided to the Government under any insurance scheme for which total premium is paid by Government? Is my service Services provided to the Government under any insurance scheme for which total premium is paid by Government exempt from paying GST?

 


As per GST Law 2017, there is no GST payable on Services provided to the Government under any insurance scheme for which total premium is paid by Government.  

So the rate of GST payable on Services provided to the Government under any insurance scheme for which total premium is paid by Government is nil rate.

 

Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.

 

 

This information is about GST on Services provided to the Government under any insurance scheme for which total premium is paid by Government.  Would you like to add more information about GST rate tariff on Services provided to the Government under any insurance scheme for which total premium is paid by Government?  Share below your comments about Goods and Service Tax levied on Services provided to the Government under any insurance scheme for which total premium is paid by Government.

 

The above details about GST rate tariff on Services provided to the Government under any insurance scheme for which total premium is paid by Government is only for information.

 

The validity of above information and amendments about GST rate on Services provided to the Government under any insurance scheme for which total premium is paid by Government may be verified before any business dealing.

 

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