About this document

GST Rate Changes for LIC Premiums by Balaji Palani is a document available to read on EtoBox.

GST will replace service tax effective July 1, 2017. Rates will change with most products subject to 18% GST, and renewal premiums subject to 2.25% GST. Late fees will be taxed according to the premium type. CDA charges will be taxed at 18%. Certain government insurance schemes will remain exempt. GST will apply to policyholder charges such as alteration fees and assignment fees.

Author

Balaji Palani

Language

EN