Hi,
I have a Life Insurance Policy through ICICI Prudential which I am paying from my Indian Bank Account (INR). As I am an NRI (OCI) can I claim the GST refund? If so, what is the procedure?.
Thanks,
Sanjay
6 Replies
Deepak Kumar
(791 Points)
Replied 13 September 2021
You have not claimed in gst Refund on life insurance policy
Sravan Reddy G
(CA)
(618 Points)
Replied 14 September 2021
It come under block credit , U can't get refund or ITC
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 14 September 2021
No you cannot claim gst refund
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 14 September 2021
Refund cannot be claimed by NRI. Gst does not provides any refund for NRi
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 14 September 2021
Refund under GST is allowed on zero rated supply that means export and supply from sez
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 14 September 2021
And only to suppliers of goods or services. Not to the recipient.
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