06 July 2012
In respect of services provided by an agent to the insurance company, reverse charge is applicable and the insurance company is liable to pay service tax on the same.
The agent is NOT liable to service tax in this case.
06 July 2012
As per NN 30/2012 St dated 20.06.2012, in case of commission received by insurance agent, service tax is required to be paid under reverse charge mechanism i.e. insurance compnay need to pay service tax.
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