GST ON INSURANCE COMMISISON AND MUTUL FUND COMMISSION


This query is : Resolved 

Quick Summary
This discussion clarifies that Goods and Services Tax (GST) is indeed applicable to commissions earned by insurance agents and mutual fund distributors. The applicability is generally on a forward charge basis, meaning the agent is responsible for paying the GST.

(Querist)
28 October 2023 Whether GST is applicable on Insurance commission received ? Whether GST is applicable on commission received by mutul fund agent ?

RAJA P M (Expert)
29 October 2023 Yes, GST applicable for commission received.

HEM MAKANI (Querist)
29 October 2023 gst applicable on forward charge basis ??

RAJA P M (Expert)
29 October 2023 gst applicable on forward charge basis ??

...... Yes,


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