Insurance commission is liable for service tax
This query is : Resolved
Vipin Rathi
(Querist)
07 July 2012
IF A TOUR OPERATOR COMPANY RECEIVED INSURANCE COMMISSION FROM INSURANCE COMPANY THEN HE IS LIABLE FOR SERVICE TAX OR NOT
09 July 2012
In respect of insurance commission paid by insurance company to insurane agent, the insurance company is liable to pay service tax under reverse charge mechanism.
There is NO liability on the agent.
There is NO liability on the agent.
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