GST rates
No need to pay of GST under Pradhan Mantri Jan Dhan Yogana
Services of life insurance business provided under Pradhan Mantri Jan DhanYogana attracts no GST
Is my Services of life insurance business provided under Pradhan Mantri Jan Dhan Yogana exempt from paying GST? No GST applicable for Services of life insurance business provided under Pradhan Mantri Jan Dhan Yogana?
As per GST Law 2017, there is no GST payable on Services of life insurance business provided under Pradhan Mantri Jan Dhan Yogana.
So the rate of GST payable on Services of life insurance business provided under Pradhan Mantri Jan Dhan Yogana is nil rate.
The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. According to GST slabs, the most essential goods and services fall under the exempt list while Commonly used Goods and Services have been put in the lowest tax bracket of 5 per cent. Standard Goods and Services are in 12 per cent tax bracket, the government has kept a large number of items under 18% tax slab. only Special category of Goods and Services including luxury goods fall in the top tax bracket of 28 per cent. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST
This information is about GST on Services of life insurance business provided under Pradhan Mantri Jan DhanYogana. Would you like to add more information about GST rate tariff on Services of life insurance business provided under Pradhan Mantri Jan Dhan Yogana?
The above details about GST rate tariff on Services of life insurance business provided under Pradhan Mantri Jan DhanYogana is only for information.
The validity of above information and amendments about GST rate on Services of life insurance business provided under Pradhan Mantri Jan DhanYogana may be verified before any business dealing.