if a person sells insurance policy and work as an insurance agent then where to show such policy in gst returns.
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for insurance agents selling policies. It confirms that under Notification 13/2017, the Reverse Charge Mechanism (RCM) is applicable to services supplied by insurance agents to insurance companies. This means the agent needs to account for the GST on these services.
As per notification 13/2017 , dated 28/6/2017 services supplied by the Insurance Agent to Insurance company , reverse charge (RCM) applicable . please confirm from the Notification.