General insurance registration requires service-tax compliance when agencies hold statutory insurance certificates under the applicable notification. Under Notification No. 2/94-ST, every person carrying on general insurance business and possessing a certificate of registration under the Insurance Act, 1938, is required to register as an assessee for collection of service tax. Agencies undertaking such business within the relevant jurisdiction are accordingly to be identified and registered for service-tax purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
General insurance registration requires service-tax compliance when agencies hold statutory insurance certificates under the applicable notification.
Under Notification No. 2/94-ST, every person carrying on general insurance business and possessing a certificate of registration under the Insurance Act, 1938, is required to register as an assessee for collection of service tax. Agencies undertaking such business within the relevant jurisdiction are accordingly to be identified and registered for service-tax purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
