Clarification on various issue pertaining to GST

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..... ication on certain issues with respect to (i) taxability of no claim bonus offered by insurance companies ; (ii) applicability of e-invoicing w.r.t an entity. 2. In order to clarify the issue and to ensure uniformity in the implementation of the provisions of law across the field formations, the Commissioner, in exercise of its powers conferred by section 168(1) of the Manipur Goods and .....

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..... insurance premium amount, when no claim is made by the insured person during the previous insurance period(s). The customer/insured procures insurance policy to indemnify himself from any loss/injury as per the terms of the policy, and is not under any contractual obligation not to claim insurance claim during any period covered under the policy, in lieu of no claim bonus. It is, therefore .....

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..... such discount has been duly recorded in the invoice issued in respect of such supply. The insurance companies make the disclosure of the fact of availability of discount in form of No Claim Bonus, subject to certain conditions, to the insured in the insurance policy document itself and also provide the details of the No Claim Bonus in the invoices also. The pre-disclosure of NCB amount in .....

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..... ction of No Claim Bonus mentioned on the invoice. Clarification on applicability of e-invoicing w. r. t an entity 3. Whether the exemption from mandatory generation of e-invoices in terms of Notification No. 05/2020-State Tax, dated 23rd March, 2020, as amended, is available for the entity as whole, or whether the same is available .....

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..... as amended, for all supplies of goods and services and thus, will not be required to issue e-invoice with respect to any supply made by it. 3. It is requested that suitable trade notices may be issued to publicize the contents of this circular. 4. Difficulty, if any, in implementation of this circular may please be brought to the notice of the Commissioner. Hindi version would .....

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