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Sec 68(2)

Service Tax (Legacy) 463 views 2 replies
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szs
40 Points Posted on 25 February 2012
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"
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On 25 February 2012 at 15:10 Report
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student
1922 Points Posted on 25 February 2012

I think thats because insurance agent  is not liable to pay service tax but the insurance company

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On 25 February 2012 at 17:29
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szs
40 Points Posted on 25 February 2012
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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On 25 February 2012 at 17:53


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