GST: CBIC Clarifies Issues on No Claim Bonus offered by Insurance Companies and Exemption from E-Invoicing [Read Circular]

GST - CBIC - No Claim Bonus - Insurance Companies - Exemption - E-Invoicing - Taxscan

The Central Board of Indirect Taxes and Customs (CBIC) has clarified the taxability of No Claim Bonus offered by Insurance Companies and the applicability of e-invoicing w.r.t an entity. As per the recommendation of the GST Council on 17th December 2022, the CBIC issued a circular clarifying that there is no supply provided by the…

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