Insurance commission

This query is : Resolved 

23 December 2019 A proprietor engaged in Trading business and he receives LIC commission.LIC commission is Taxable supply or exempted supply to file GSTR-1 and GSTR-3B. Please clarify my doubt

23 December 2019 Insurance commission is an exempt supply for the insurance agent as GSTis payable under rever charge mechanism.

23 December 2019 If it is exempted supply,Is it mandatory to disclose it as exempted sales in GST Returns in the month when i receive that commission ?


31 December 2019 Yes. It should be reflected in the exempt sales.



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