Showing posts with label GST. Show all posts
Showing posts with label GST. Show all posts

Tuesday, October 13, 2020

GST is payable on Life Insurance plans?

GST is applicable on all insurance plans. 


First year GST is 4.5% of the premium. 


Next year onwards it comes down to 2.25%. 


GST is 1.8% in case is single premium plans like 

Single premium endowment plans

Jeevan Ashanti 
Jeevan Akshay VII 
Bima Bachat. 

No GST PLANS

Pradhan Mantri Vaya Vandana plan
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