Applicability of service tax on insurance agent
This query is : Resolved
18 July 2016
w.e.f 01/04/2016 insurance agent liable to pay service tax having comm. income more than rs. 10 lacs,please guide me the procedure to take registration in this regard and discharge S.T liability.
I am waiting for your reply
Thanking All
I am waiting for your reply
Thanking All
18 July 2016
Please check again. To my understanding an Insurance Agent earning commission income is liable for TDS only only (by Insurance Company) & service tax liability is on Insurance Company only.
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