Speak now

As per the MoF (Dept. of Revenue), GoI Notification No. 04/2022 – Central Tax (Rate), dated13th July, 2022 (effective from 18th July, 2022), the central tax (GST) exemption provided to the Authority vide Notification No. 12/2017 – Central Tax (Rate) dated 28.06.2017 in respect of the services provided by the Authority to  Insurance companies under the IRDA Act, 1999 has been withdrawn. Therefore, all insurers are advised to ensure that any payment made to the Authority towards fees / charges etc., due / paid on or after 18th July, 2022, shall be made along with GST @ 18%, refer attachment for further details.