Respected Members,
I am getting LIC commision of Rs. 28L yearly. So do I need to get registered under GST and charge the GST on commission.
Pls reply.
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GST on LIC Commission
Replies (7)
Are you getting Commission as a LIC Agent or something else ?.
I am getting LIC Commission.
What type of service you provide to LIC ?.
I am an agent
And I am getting commission
Dear sourabh, answer is no bcoz lic agent like a service man, and gst law says 40L yearly tournover if u have then u complsary GST reg.
othervise no.
othervise no.
If you are LIC Agent, then RCM applicable in such type of case , please refer RCM Notification 13/2017 dated 28/6/2017 (entry 7) and Confirm. take more opinion on this.
L I c agent is never liable. company pays under r c m
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