Insurance policy
Jyoti Narang (Kkk) (1204 Points)
10 March 2022
if a person sells insurance policy and work as an insurance agent then where to show such policy in gst returns.
4 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 10 March 2022
As per notification 13/2017 , dated 28/6/2017
services supplied by the Insurance Agent to Insurance company , reverse charge (RCM) applicable . please confirm from the Notification.
services supplied by the Insurance Agent to Insurance company , reverse charge (RCM) applicable . please confirm from the Notification.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 10 March 2022
Please do not consider above reply , May be wrong , please wait for others reply .
Pratick Datta
(53 Points)
Replied 11 March 2022
Yes RCM is applicable on insurance service supplied by insurance agent.
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