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nv raman

NV Raman

The nature of operations of the insurance business and the valuation mechanism provided under the GST law have led to certain interpretational issues.

How GST may lead to increased tax outgo for insurance companies

by NV Raman |Jun 27, 2019

If the value of insurance premium not subjected to tax is treated as exempt, the insurance companies will be liable to substantial tax credit reversals. It will lead to increased costs at a time when ...