As Insurance brokers received renummeration from insurance companies the service tax liability will be of insurance company then why insurance broker have to registered himself in service tax kindly explain in detail
Read more at
Menu
Service tax
Replies (1)
For Individual Agents and Corporate Agents Service Tax Liability will be on Insurance Company. Insurance company have to remit to govt. on reverse charge mechanism.
while coming to brokers. Service Tax Liability will be on brokers. brokers have to rise Commission Invoice along with Service tax and they have to remit to Govt.
Recent Threads
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
Related Threads
CAclubindia
