How to claim tax exemption for GST on Commission to Insurance Agents?
This query is : Resolved
31 March 2024
Dear Experts,
I am a Salaried Person also running the TATA AIA agency. The TATA AIA deducted GST from my commission.
I don't have any GST registration.
Can I claim GST deducted by TATA AIA Insurance company while Income Tax Return?
I am a Salaried Person also running the TATA AIA agency. The TATA AIA deducted GST from my commission.
I don't have any GST registration.
Can I claim GST deducted by TATA AIA Insurance company while Income Tax Return?
01 April 2024
GST can't be deducted from your commission they have to pay it under RCM.
01 April 2024
Respected sir,
Yes, they should pay GST on commission by RCM from their pocket but it didn't happened.
TATA AIA deducted GST from my commission.
P.S.
Note: The GST is deducted on specific commission which is received on specific riders.
Please refer https://www.caclubindia.com/forum/gst-on-commission-to-insurance-agents-506852.asp
Yes, they should pay GST on commission by RCM from their pocket but it didn't happened.
TATA AIA deducted GST from my commission.
P.S.
Note: The GST is deducted on specific commission which is received on specific riders.
Please refer https://www.caclubindia.com/forum/gst-on-commission-to-insurance-agents-506852.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
