Rcm
This query is : Resolved
05 August 2019
Hi
I am an insurance agent and hence gst is applicable on rcm basis. hences not registered under gst till date.
but now commission is exceeding 20 lakhs. whehther registration applicable now
I am an insurance agent and hence gst is applicable on rcm basis. hences not registered under gst till date.
but now commission is exceeding 20 lakhs. whehther registration applicable now
05 August 2019
No , registration is not applicable , if you are exclusively engaged in providing insurance agent services
As per Notification No. 5/2017- Central Tax dated 19/06/2017, a person who is exclusively engaged in making only supplies of taxable goods/services on which reverse charge applies is exempted from obtaining registration under GST.
As per Notification No. 5/2017- Central Tax dated 19/06/2017, a person who is exclusively engaged in making only supplies of taxable goods/services on which reverse charge applies is exempted from obtaining registration under GST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Relief u/s Section 89
- Rent lease agreement
- REGARDING GST LIABILITY/....
- REGARDING SECTION 44AE
- Merchant Export Accounting
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
