Question
A customer purchases a general insurance policy covering
fire and burglary. The insurer charges a premium of ₹50,000 for the annual coverage. As per prevailing GST rules, what rate of GST is applicable, and what is the total premium including tax payable by the insured?Solution
GST on general insurance premium is 18%, so GST = 18% of 50,000 = ₹9,000; Total payable = ₹59,000
Gujarat Titans is the official name of the new Ahmedabad franchise owned by CVC Capital. The team will be led by __________.
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The government has relaxed the norms for various small savings schemes, including the Public Provident Fund (PPF) and Senior Citizen's Savings Scheme.It...
Who among the following is the President of Sri Lanka?
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1. It works under the Ministry of Defence.
2...
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