Insurance Survey Service

[CA AJAY KUMAR AGRAWAL]

Insurance Co. has appointed XYZ (P) Ltd. as insurance surveyor & loss assessor. XYZ (P) Ltd has further subcontracted the said work to Mr A who does the survey work / loss assessing for which he is paid by XYZ (P) Ltd. Mr A presently has no set up of business & does the work in Individual capacity. He wants to get Service Tax Registration. Kindly share your valuable views on this aspect, with Service Code, Exemptions etc, as applicable.

AI Summary

Debate on Service Tax Registration for Subcontracted Insurance Surveyor: Register After 9 Lakhs Turnover, Pay Tax After 10 Lakhs An insurance company appointed a firm, XYZ (P) Ltd., as an insurance surveyor and loss assessor. XYZ (P) Ltd. subcontracted the work to an individual, Mr. A, who seeks to register for Service Tax. The discussion involves whether Mr. A should obtain Service Tax Registration. It is advised that Mr. A should register after his turnover exceeds 9 lakhs, but Service Tax is only payable after surpassing 10 lakhs, according to specific notifications. Another participant noted that the service is taxable without exemptions.