My query is that if service provider ie. Insurance com., who has a 100% liability of paying service tax under RCM; pays the service tax amount regularly by mistake to the service receiver ie. Ins. Agent then what course of action should be suggested to the Service Receiver? TDS is deducted @10% by Ins. Comp.
01 July 2014
The service tax had to be deposited by the insurance company to the gvrnmt. Agent can return the amount of service tax received with commission to the insurance company.please mention as to who has paid service tax to government.
14 August 2014
Thanx experts for your valuable advice one more query is there that 'if Agent is not an individual but a private limited company, then, will your answers change' ie. RCM under Insurance agency applicable for only individual service providers or is it applicable to company agency also?
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