TaxTMI 
TaxTMI 
How is GST applicable for Corporate agents to insurance company? Is it on RCM basis wherein the insurance company would pay tax or on the basis of forward charge where in the corporate agent is liable to pay tax.Is there is any circular pertaining to this by the Finance ministry.
Taxation of Corporate agent to insurance company
20 Jun 2018 
2 Replies 
4534 Views Asked by
Reverse charge: GST for corporate agents to insurers may be payable by the insurer under the notification, though views differ.
The dispute concerns whether GST for services by a corporate agent to an insurance company is payable on reverse charge by the insurer under Notification No.13/2017, which lists recipients as "any person carrying on insurance business" (with "person" including a company), versus the opposing view that the corporate agent must pay GST under forward charge. (AI Summary)
The dispute concerns whether GST for services by a corporate agent to an insurance company is payable on reverse charge by the insurer under Notification No.13/2017, which lists recipients as "any person carrying on insurance business" (with "person" including a company), versus the opposing view that the corporate agent must pay GST under forward charge. (AI Summary)