IN BUSINESS AUXILARY SERVICE , SERVICE OF AGENT OF INSURANCE TO INSURANCE COMAPNY ST LEVIABLE ON REVERSE CHARGE BASIS AND SO ST LIABILTY IS ON COMPANY. BUT MOST OF THE COMPANY IS DOING PARTY PAID BY THEM AND PARTY COLLECTED BY FROM AGENT. SO MY QUESTION RELATTED TO ANY WAY BY WHICH INSURACE AGENT CAN GET REFUND OF ST ?
THANKS IN ADVANCE
Insurance agent can not get the refund of service tax paid under reverse charge system.
First of all thank for sharing your knoweldge,But in field of Insurance , many of the comapanies pass the burden of ST on its agent and clearly mention that ST paid by them so in this regards what your opinion Sir ?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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