Applicability of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
An life insurance agent of life insurance corporation of india got commission of Rs. 10.50 annualy in fin year ended 31.3.2011
Is he liable to deposit the service tax or some provision is there that lic will deposit the same
Pl clarify
Punish
Is he liable to deposit the service tax or some provision is there that lic will deposit the same
Pl clarify
Punish
23 August 2011
it has been provided in the Service Tax Rules that the person liable to pay service tax will be the concerned insurance company who has appointed the agent. Notification no. 5/2001-ST refers.
http://www.eximkey.com/contents/showpage1.asp?pageid=8746
http://www.eximkey.com/contents/showpage1.asp?pageid=8746
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