a person doing business is also an insurance agent. Should we add this service on Gst portal, as this is an RCM related service
please reply in the light of relevant provisions of the act.
Menu
Registration of insurance agent
Replies (2)
Quick Summary
If person already registered then he should add this service by filing application for amendment of registration. The provisions relating to amendment of registration are contained in Section 28 r/w rule 19 of CGST Rules, 2017.
Further, even though it is service covered under RCM it needs to be disclosed in GSTR-1 in B2B section. While adding invoice in GSTR-1 person has to select option 'Supply attracting Reverse Charge'.
Further, even though it is service covered under RCM it needs to be disclosed in GSTR-1 in B2B section. While adding invoice in GSTR-1 person has to select option 'Supply attracting Reverse Charge'.
As per Notification 13/2017 CT (R) It's under RCM & Receptient insurance company is liable to do RCM.
But as per your query he is doing business & also providing insurance services. So in case if you are registered then need to report Insurance Services in GST Return.
But as per your query he is doing business & also providing insurance services. So in case if you are registered then need to report Insurance Services in GST Return.
Recent Topics :
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
Related Topics :
CAclubindia
