Maintenance of a data register from Jan 2024 for collection of GST on delayed payment of PLI/RPLI Premia till deployment of provision in McCamish Application

F. No. 29-09/2023-LI

Govt. of India

Ministry of Communications 

Department of Posts

Directorate of Postal Life Insurance

Chanakyapuri PO Complex,

New Delhi-110 021. Dated 31.05.2024

To
The All Heads of the Circle.

Subject: Maintenance of a data register from January-2024 for manual collection of GST on late fees/default fees/interest collected on delayed payment of PLI/RPLI premia till incorporation of the provision in the McCamish system-reg.

Kindly refer to this Directorate letter/email dated 22.03.2024 & 26.03.2024 wherein guideline was issued regarding the payment of GST on late fees/default fees/interest collected on delayed payment of PLI/RPLI premia. It was instructed that the payment of GST on late fees/default fees/interest collected on delayed payment of PLI/RPLI premia from January 2024 onwards is to be collected manually till incorporation of automatic deduction of GST in McCamish system.

It is to mention that after incorporation of provision of default fee in McCamish, system will calculate the total default fee and GST applicable on a particular policy and the same will be charged from the customer. To avoid double collection of GST, the amount already collected manually need to be updated from back end in McCamish system.

In view of above, it is requested to kindly issue necessary instructions to the concerned HO/SO/BO to maintain a data register for manual collection of GST on default fee from January 2024 until the system incorporation in the prescribed performa (attached herewith).

It is also requested that after incorporation of the provision in McCamish, a HO-wise consolidated report may be furnished to this Directorate for back end updation of respective policies.

This is issued with the approval of the competent authority.

(Sachidanand Prasad) General Manager (Finance)

Manual Register format for manual collection of GST on late fees/default fees/interest collected on delayed payment of PLI/RPLI premium

Name of circle	Collection Office name	Type of Office (HO/SO/BO)	Date of collection	Policy number	Default	period	Amount of Default fees	GST	collected
					From	To		COST	SGST	Total

Note : Maintenance of Manual Register for collection of  late fees/default fees/interest collected on delayed payment of PLI/RPLI premium will be discontinued once the provision made in the McCamish Application

Main Tags: Register for PLI/RPLI GST | Format for GST register | Postal Insurance GST Register | Manual register for RPLI GST register | Manual register for PLI GST register | Manual register for delayed payment GST register for Postal Insurance