Monday, June 4, 2018

location of supplier for fund management charges in ULIP policies : CBIC clarify

What is the location of the supplier  of service for fund management charges in ULIP policies?

The fund management charges are charges towards managing and  administering the fund. These funds are managed by the Fund Management team.

The location of the supplier of service for fund management charges shall be the location / office which manages the fund.

 

Q 66 of GST FAQs on Financial Services Sector published by CBIC

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