1.Is reverse charge applicable on Insurance Co. ?
2.What if an Insurance Co. pay commission say 10000.00 to its agent, Is Co to pay 18% under RCM?
3.Does agent have to get itself registered under GST?
4. What if co say, as per term they bear 7% and deduct 11% from agent... is it justified??
1. Yes.
2. Yes
3. No
4. As per contract!!
THANKS sir
SMJ global advisors pvt ltd
New Delhi
B.Com
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