GST on commission on reinsurance

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85 Points Posted on 26 September 2021
Hlo sirs,

whether GST is applicable on commission income on reinsurance ceded?
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On 26 September 2021 at 10:50 Report
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This discussion explores the applicability of Goods and Services Tax (GST) on commission earned from reinsurance ceded to other insurance companies. While previously exempt under service tax, the current GST regime mandates an 18% charge on such commission income. However, there's a lack of specific clarification on this matter under GST.

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Master in Accounts & high court Advocate
9620 Points Posted on 26 September 2021

Yes, GST is to be charged on commission at rate of 18%. If a person registered under GST charges commission for transaction which is not his normal business then also GST is applicable.

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On 26 September 2021 at 12:46
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85 Points Posted on 26 September 2021
Actually sir, commission is on reinsurance ceded to other insurance companies and the same was exempted under service tax.
But now in GST, no clarification till date
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On 26 September 2021 at 13:26

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