Easy Office
LCI Learning

Service tax on insurance payout

This query is : Resolved 

20 May 2010 I am a insurance agent, and my average yearly payout from icici lombard is around Rs4.0-5.0 lac, do i need to register for service tax, that is can i avail exemptiont till Rs.10.00 lac in a year.

20 May 2010 Yes u can avail the exemtion upto 10L

20 May 2010 I think you can not avail the exemption, since you are acting as an agent of a branded company and using their name as well as working on their behalf.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query