Insurance auxiliary services: insurer liable for service tax on services by actuaries and intermediaries to policyholders or insurers. Insurance auxiliary services for general insurance provided by an actuary, intermediary, insurance intermediary or insurance agent to a policyholder, insurer or any other person are taxable, and the insurer as receiver of such services is liable to pay service tax. The definition of insurance auxiliary service includes risk assessment, claim settlement, survey and loss assessment, while actuary, insurance agent, intermediary and insurer are defined to clarify the persons covered.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Insurance auxiliary services: insurer liable for service tax on services by actuaries and intermediaries to policyholders or insurers.
Insurance auxiliary services for general insurance provided by an actuary, intermediary, insurance intermediary or insurance agent to a policyholder, insurer or any other person are taxable, and the insurer as receiver of such services is liable to pay service tax. The definition of insurance auxiliary service includes risk assessment, claim settlement, survey and loss assessment, while actuary, insurance agent, intermediary and insurer are defined to clarify the persons covered.
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