Gst on insurance agent

CA Ankur Mehan (119 Points)

24 June 2019  

1.Is reverse charge applicable on Insurance Co. ?

2.What if an Insurance Co. pay commission say 10000.00 to its agent, Is Co to pay 18% under RCM?

3.Does agent have to get itself registered under GST? 

4. What if co say, as per term they bear 7% and deduct 11% from agent... is it justified??