Assessee is registered under GST in respect of his trading business. He also received commission from LIC. Whether GST is payable on LIC Commission received and who shall pay it.
Kindly Advise
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Commission received from lic whether liable for gst
Replies (2)
No..... as in term of Notification 13/2018 CT (r) , the Recepient is liable to do RCM.
Hence Insurance company is liable pay GST
Hence Insurance company is liable pay GST
Insurance company is required to pay.
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