Regarding insurance work

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dear frnds
pls tell us if we started insurance work then how type of gst registration we apply
composition or reguler ??

Replies (6)

are you going to provide insurance on behalf of other company or want to set up your own firm

 

You are a service provider you cannot opt for composition scheme.

I think Insurance agent providing service to Insurance company are not required to register if they are providing only insurance service...
cannot opt for composition . as mr pritesh has stated if you are providing services to Insurance co. as insurance agent then your services are cover umder RCM (As per Notification 13/2017 CT (r) & Services provider cover under 9(3) is exempted obtain registration as per Notification 5/2017 CT
ok sir now we need rcm charges and claimed ?
@ Mandeep
i could get you , can u plz clarify
sir we started a work pf insurance services but we takes code of insurance

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