This is with reference to your expert reply on my query dated 28.01.2019 regarding GST not applicable to for Section 11 exempt entity.
In this connection, I further need your expert advice regarding under following case.
Our's is Statutory body or body Corporate established as per Section 5 of Advocate Act 1961. It's income is exempt from Section 11 and Section 10 (23A) of Income Tax Act 1961.
Now this Statutory body would like to take Group Insurance policy for it's thousands of members . Insurance Company is asking under which category as per notification No.12/2017 Central Tax Rate F.No.334/1/2017-TRU dated 28th June 2017 can claim exemption for GST?
CAclubindia
