Gross
amount charged Rs. 75000 for insurance of which Rs. 65000 invested in fund is
shown intimated in the policy to the policy holder. Calculate value of life
insurance for the purpose of taxability of GST.
Ans.
As per Rule 32(4)(a)-Determination of
value in respect of certain supplies, where amount of investment is known at the time of supply,then Value of Supply = 75000-65000, i.e Rs.
10000.