Sec 68(2)
As this is not a case of reverse charge then why is it is mentioned u/s 68(2) " In relation to general insurance business, the insurer or re-insurer, as the case may be, providing such service shall be liable to pay Service Tax"
Replies (2)
I think thats because insurance agent is not liable to pay service tax but the insurance company
That pt. is separate, As mentioned in www.servicetax.gov.in/st-proc-home.htm
the following services have been notified under Sec.68(2) of Finance Act,1994:
A. the services,-
(ii) in relation to general insurance business;
(iii) in relation to insurance auxiliary service by an insurance agent; and
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