Examine the taxability of supplies in the following independent cases in terms of the relevant provisions of the CGST Act, 2017. Brief reason should form part of your answer: Services of health insurance business provide
CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · PYQS · June 2026
Examine the taxability of supplies in the following independent cases in terms of the relevant provisions of the CGST Act, 2017. Brief reason should form part of your answer: Services of health insurance business provided by A ONE Insurance Company to Mr. Aadish and his family.
Answer & Explanation:
Services of health insurance business provided by an insurer to the insured, where the insured is not a group are exempt from GST. Further, this exemption is applicable to a contract of insurance where the insured is an individual, or an individual and family of the said individual. Family includes all individuals insured as family in the contract of insurance. Thus, services provided by A ONE Insurance Company to Mr. Aadish and his family is exempt from GST.
Topics: GST
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