TMI BlogApplicability of Sales Tax for Life Insurance PoliciesX X X X Extracts X X X X X X X X Extracts X X X X ..... My company 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 in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... surance 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under these scenerio. - Reply By pradeep khatri - The Reply = Insurance Policies are not being treated as 'Goods'. Therefore, GST @ 10.50% will not be applicable. - Applicability of Sales Tax for L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ife Insurance Policies - Query Started By: - Rahul Bagaria Dated:- 12-1-2011 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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