GST liability of insurance agent

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Unemployed
300 Points Posted on 26 November 2021

Is insurance agent liable to pay GST ??

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On 26 November 2021 at 19:28 Report
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This discussion explores the Goods and Services Tax (GST) liability for insurance agents in the UK. It questions whether agents are directly responsible for paying GST or if the Reverse Charge Mechanism (RCM) applies, requiring insurance companies to pay under specific notifications. The implications for insurance brokers are also considered.

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GST Practitioner & Accounts
15150 Points Posted on 26 November 2021
RCM applicable in case of Insurance Agent , means Insurance Companies will pay GST under RCM , vide notification 13/2017 (C.T) date 28/6/2017.entry no 7.
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On 26 November 2021 at 19:41
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Unemployed
300 Points Posted on 26 November 2021

What about insurance brokers ?

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On 26 November 2021 at 21:44

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