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St on life insurance agent commission

This query is : Resolved 

20 September 2013 Whether ST applicable on agent's commission ? Why ?

20 September 2013 Commission agent provides the service to the principal for selling the policies to the client which a falls under the ambit of the service tax and therefore taxable @12.36%. But, in case of commission on life insurance premium the recipient of service is liable to pay the service tax

20 September 2013 In case of LIC agent service receiver is liable to pay service tax which is LIC itself.




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