Service tax on life insurance agent (individual)
This query is : Resolved
S K PARMAR
(Querist)
06 October 2012
I AM WORKING AS AN LIFE INSURANCE AGENT WITH " BIRLA SUN LIFE INSURANC CO. LTD ",BUT MY COMPANY IS DEDUCTING THE SERVICE TAX ON MY COMMISSION.
WHEN I GIVE COMPLAIN TO MY SENIOR HE TOLD TO ME THAT THESE IS RULE OF CO.
PLEASE GUIDE AND PROVIDE ME MAXIMUM MATERIAL FOR THESE ISSUE.
THANKS,
REGARDS,
S K PARMAR
WHEN I GIVE COMPLAIN TO MY SENIOR HE TOLD TO ME THAT THESE IS RULE OF CO.
PLEASE GUIDE AND PROVIDE ME MAXIMUM MATERIAL FOR THESE ISSUE.
THANKS,
REGARDS,
S K PARMAR
CA Sourabh Agarwal
(Expert)
07 October 2012
Your senior is correct. It is a law. No issue can be raised here in my opinion.
Arun Kumar Singh
(Expert)
07 October 2012
Dear Parmar,
your company should pay the service tax on commission received in regards to insurance agents under the notification No. 30/2012-ST.
your company should pay the service tax on commission received in regards to insurance agents under the notification No. 30/2012-ST.
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