Place of supply for banking and insurance services follows the recipient on the supplier’s records. It sets the correct tax head.
Recipient on record
The location of the recipient in the supplier’s records applies.
No record case
Where there is no record, the supplier’s location can apply. This is central to place of supply banking insurance and how the rule plays out in practice.
Branch supplies
Multi-branch operations need careful mapping.
GST support across Delhi NCR
Whether you need GST advisory in Gurugram, GST consultant in Ghaziabad and GST registration help in Faridabad, our team works with businesses across the region. We combine local accessibility with pan-India GST expertise so your compliance is handled end to end.
Frequently asked
Why does place of supply banking insurance matter for my business?
Getting place of supply banking insurance right keeps your filings consistent and your GSTINs free of avoidable notices. When the position is unclear, a quick expert review is far cheaper than a later dispute.
Talk to a GST specialist
Have a specific question on this topic? Book a free consultation with KYRA GST — first response within 24 hours, and a written quote before any work begins. You can also explore our GST services.