Welcome to your Ch 25: Exemption from supply of services (56 to 60)
56. Examine the following statements and determine which statement is true. “ GTA takes truck on hire from a registered person.”.
57. Following supply of services is ............... ?
i . Pure labour contract for repair work under Housing for All (Urban) Mission or Pradhan Mantri Awas Yojana or single residential unit.
ii. Electricity distribution network upto the tube well of the farmer or agriculturalist for agricultural use.
iii. Bank providing services under Prime Minister Jan Dhan Yojna or post office providing banking service.
iv. Members of Army paying life insurance premium to Army, Naval and Air Force Group Insurance Funds.
v. Personnel of Coast Guard paying life insurance premium to Naval Group Insurance Fund.
vii. Members of CRPF paying life insurance premium to Group Insurance Schemes of the concerned Central Armed Police Force.
58. Following supply of services is ............... ?
i) Premium paid for agricultural pumpset and failed well insurance;
ii) Premium paid for Coconut Palm Insurance Scheme;
iii) Premium paid for weather based Crop Insurance Scheme
iv) Premium paid under National Agricultural Insurance Scheme;
59. Examine the following statements and determine which statement is true. “ Person A pays life insurance premium to ICICI Lombard for a cover of ₹ 2,00,000. This insurance cover is approved as micro-insurance product”.
60. Examine the following statements-
(i) Business correspondent provides services to a banking company with respect to accounts in urban branch.
(ii) Business correspondent provides services to a insurance company with respect to accounts in rural branch.
