commission received from oriental insurance co ltd

[satbir singhwahi]

Commission is received from Oriental Insurance co ltd for General Insurance business. Whether service tax liability is on oriental Insurance co Ltd or the person receiving commission.

[Ganeshan Kalyani]

Service tax is liable to be paid by the insurance company as per Notification no. 30/2012 and not the insurance agent.

AI Summary

Service tax liability falls on insurer, not agent, for commissions on general insurance business under applicable law. Service tax on commissions for general insurance is chargeable on the insurance company, not the agent; the insurer bears responsibility to pay the tax on commissions received in relation to general insurance business.