{"id":3069,"date":"2022-08-17T06:38:56","date_gmt":"2022-08-17T06:38:56","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=3069"},"modified":"2022-08-17T06:38:56","modified_gmt":"2022-08-17T06:38:56","slug":"withdrawal-of-exemption-from-gst-on-services-provided-by-irdai-to-insurers","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/withdrawal-of-exemption-from-gst-on-services-provided-by-irdai-to-insurers\/","title":{"rendered":"Withdrawal of exemption from GST on services provided by IRDAI to Insurers"},"content":{"rendered":"\n

As per the MoF (Dept. of Revenue), GoI Notification No. 04\/2022 \u2013 Central Tax (Rate), dt. 13th<\/sup>\u00a0July, 2022 (effective from 18th<\/sup>\u00a0July, 2022), the central tax (GST) exemption provided to the Authority vide Notification No. 12\/2017 \u2013 Central Tax (Rate) dt. 28.06.2017 in respect of the services provided by the Authority to Insurance companies under the IRDA Act, 1999 has been withdrawn.<\/p>\n\n\n\n

Therefore, all insurers are advised to ensure that any payment made to the Authority towards fees \/ charges etc., due \/ paid on or after 18th<\/sup>\u00a0July, 2022, shall be made along with GST @ 18%.\u00a0<\/p>\n\n\n\n

Further, all the insurers are hereby advised to submit a copy of their GST registration certificate bearing the Goods and Services Tax Identification Number to the Authority as per the e-mail IDs given below on or before 20th<\/sup>\u00a0August, 2022 for the purpose of including the same in the invoices generated by the Authority in respect of the fee collection :<\/p>\n\n\n\n

Insurers<\/td>Email id<\/td><\/tr>
Life Insurers<\/td>life@irdai.gov.in<\/a>\u00a0and\u00a0accounts@irdai.gov.in<\/a><\/td><\/tr>
Non-Life Insurers<\/td>nonlife@irdai.gov.in<\/a>\u00a0and\u00a0accounts@irdai.gov.in<\/a><\/td><\/tr>
Health Insurers<\/td>
health@irdai.gov.in<\/a>\u00a0and\u00a0accounts@irdai.gov.in<\/a><\/td><\/tr>
Reinsurers

<\/td>		reinsurance@irdai.gov.in<\/a>\u00a0and\u00a0accounts@irdai.gov.in<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Circular : <\/strong>https:\/\/www.dropbox.com\/s\/kbf8l4zx6wa3m9n\/IRDAI%20GA%26HR%20Cir.%20No.%20171-11.8.2022.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As per the MoF (Dept. of Revenue), GoI Notification No. 04\/2022 \u2013 Central Tax (Rate), dt. 13th\u00a0July, 2022 (effective from 18th\u00a0July, 2022), the central tax (GST) exemption provided to the Authority vide Notification No. 12\/2017 \u2013 Central Tax (Rate) dt. 28.06.2017 in respect of the services provided by the Authority to Insurance companies under the […]<\/p>\n","protected":false},"author":1,"featured_media":1539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,90],"tags":[91],"class_list":["post-3069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-circulars","category-irda","tag-irda"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=3069"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3069\/revisions"}],"predecessor-version":[{"id":3070,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/3069\/revisions\/3070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1539"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=3069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=3069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=3069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}