Whether Service tax is applicable on life insurance agent commission ? and if yes, can we get refund ?
1 Replies
Prashant Kini
(Article Assistant)
(154 Points)
Replied 20 September 2013
Service provided by an Insurance agent is covered under reverse charge mechanism and accordingly Insurance company being recipient of service is liable to pay service tax. Individual insurance agents have no liability of service tax
Recent Topics
- ROTATION OF STATUTORY AUDITORS
- GSTR9 - ITC reversed & reclaimed - current yea
- Unbranded sweets rate of tax
- STCG+LTCG tax payment
- Taxation of interest free loan availed by firm
- How to pay TDS default payment
- Conditions to claim ITC
- Exploring Payroll Outsourcing Services – Is
- Response to Confirm or Revise claim of refund
- How to make Tally Entries for Sale of Property whi
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
