GST on Professional Indemnity Insurance

 Author: CaroATO(Community Support)Community Support

28 Apr 2022

Hi @AngeloHeo,

Yes, GST does apply unless the entity meets the criteria to receive GST concessions, for example a not-for-profit organisation.

Professional indemnity insurance falls under the category of general insurance.

GST credits can be claimed on an insurance policy perium when it's covers a business asset.

Check out the information that talks about GST and general insurance.

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