TaxTMI 
TaxTMI 
sir
insurance brokers are covered by reverse charge . Is there any change as sbi life insurance co. is asking brokers to put gst in invoice and pay. pls guide
sbi life insurance broker reverse charge
14 Feb 2018 
7 Replies 
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Reverse charge for insurance broking services remains with the insurer; brokers cannot be made to collect GST.
Services by insurance agents and brokers are taxable under the reverse charge mechanism, with the insurer liable to pay GST under Notification No.13/2017-Central Tax (Rate) (Sl. No.7); later amendments widening the definition of "insurance agent" do not shift that RCM liability to agents or brokers. (AI Summary)
Services by insurance agents and brokers are taxable under the reverse charge mechanism, with the insurer liable to pay GST under Notification No.13/2017-Central Tax (Rate) (Sl. No.7); later amendments widening the definition of "insurance agent" do not shift that RCM liability to agents or brokers. (AI Summary)