TaxTMI 
TaxTMI 
My client have crossed the 20 Lakh limit of GST. He is Insurance Commision Agent. He is Regularly Filing GST Returns Since Jan-2019. His company Rejects his Reimbursement of GST. and Said that Insurance Commission attracts Reverse Charge. Whats is actual process.?
INSURANCE AGENT CROSING 20 LAKH
13 May 2019 
6 Replies 
6402 Views Asked by
Reverse charge for insurance agent services requires declaring gross commission in GSTR 3B and compulsory registration.
Insurance agent commissions fall under the reverse charge mechanism with no threshold exemption; gross commission must be declared in GSTR 3B Table 3.1 serial (b) as "Total Taxable Value." Section 24(vii) requires compulsory registration for persons making taxable supplies on behalf of others, including agents and intermediaries, irrespective of turnover thresholds. (AI Summary)
Insurance agent commissions fall under the reverse charge mechanism with no threshold exemption; gross commission must be declared in GSTR 3B Table 3.1 serial (b) as "Total Taxable Value." Section 24(vii) requires compulsory registration for persons making taxable supplies on behalf of others, including agents and intermediaries, irrespective of turnover thresholds. (AI Summary)