Definition: Insurance cannot claim GST. The term "insurance" has no direct relation to GST as it relates to the financial protection provided by insurance companies, not to any specific tax or administrative procedures within a given jurisdiction. In general, the GST (Goods and Services Tax) is a duty levied on all goods and services traded between consumers and businesses. It's levied at 10%, with an additional 5% on certain items. Insurance, in its broadest sense, does not include any taxes related to goods or services being insured against. Specifically, insurance policies are generally considered "tax exempt" by the GST regime, meaning that they do not have to be subject to any tax at all if purchased by a consumer. This includes both personal and business purchases. It's worth noting that insurance coverage can be claimed under different circumstances under different countries' GST systems. For example, in India, the GST is levied on both domestic (for domestic use) and foreign goods and services traded between residents and businesses, and it does not apply to any "insurance" related tax. If you need further clarification, I can provide more specific information based on your query or request.
closed bracket.
what should be said.