<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">As per Section 12(12) of the IGST Act, 2017, the place of supply of banking and other financial services, including stock broking services to any person shall be the location of the recipient of services on the records of the supplier of services. Address available on the records of the Bank or Financial Institution or stock broker, which is ordinarily used for communication with the customer, may be considered as the &lsquo;Place of Supply&rsquo;.</span></span></p>

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<span style="font-size:14px"><span style="color:#34495e">As per Section 12(13) of the IGST Act, 2017 the place of supply of insurance services shall be the location of registered person if services are provided to a registered person and the location of the recipient of services on the records of the supplier of services if services are provided to an unregistered person. Address available on records of the insurance company, which is ordinarily used for communication with the customer, may be considered as the &lsquo;Place of Supply&rsquo;.</span></span></p>