If a person being an agent towards Insurance Company and earns commission for the intermediary services should get registered under GST or not, if registered under GST and the Insurance Company pays GST under RCM towards agent services, what should the agent report in his GST returns monthly.
Please let me know and Thanks.....
Menu
GST ON INSURANCE COMMISSION
Replies (2)
No, he is not required to get registered till basic exempted amount of aggregate supplies.
If insurance agent only dealing in rcm service then he is not required to register irrespective of turnover.
rcm on insurance commission to be paid by insurance company
rcm on insurance commission to be paid by insurance company
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
