hvg commission as luc agent abv 20lacs
wt to do ? gst applies or nt ? if yes then how? plz guide
4 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 20 December 2023
As per the notification 13/2017 dated 28/6/2017 entry no 7 , In case of Insurance commission Agent GST payable under RCM , by LIC . Just consult with your LIC branch office.
Take others opinion as well.
Take others opinion as well.
Sharath chandra
(Accountant)
(1227 Points)
Replied 20 December 2023
Gst is payable under RCM. but since aggregate turnover is above 20 lakhs. have to take gst registration.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 December 2023
Yes I agreed with Mr Prasad Nilugal reply.
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