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Activity undertaken by Insurance Ombudsman qualifies as supply of service

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GST : Activity of entertaining complaints filed by any person who has grievance against the insurer and deciding such complaints after listening to parties is in the nature of service; Activity undertaken by Ombudsman qualifies as supply of service
GST : Funds received from Life Insurance and General Insurance Councils qualify as consideration in terms of the definition given under Section 2(31) of CGST Act; Any payment made by 'any other person' other than recipient is also consideration for supply
GST : Exemption is not available to services rendered by Ombudsman as they do not specifically fall under Notification No. 12/2017-Central Tax (Rate)

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[2022] 140 taxmann.com 60 (AAR - MAHARASHTRA)

AUTHORITY FOR ADVANCE RULINGS, MAHARASHTRA
Executive Council of Insurers, In re

--
CA Yashu Goel
9899263490
M/s N.K. Goel & Bros.
Chartered Accountants

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