Life Insurance Auxiliary Service: insurer liable for service tax on services by actuaries, intermediaries or agents. Life insurance auxiliary services are taxable services (w.e.f. 16.8.2002) comprising any service provided to a policyholder, insurer, re insurer or any other person by an actuary, intermediary, insurance intermediary or insurance agent in relation to life insurance business. The service receiver may be a policyholder, insurer, re insurer or any other person; the provider may be an actuary, intermediary, insurance intermediary or insurance agent; and the insurer or re insurer (service receiver) is liable to pay service tax. Definitions clarify actuary, insurance agent, intermediary, insurer and life insurance business.
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Provisions expressly mentioned in the judgment/order text.
Life Insurance Auxiliary Service: insurer liable for service tax on services by actuaries, intermediaries or agents.
Life insurance auxiliary services are taxable services (w.e.f. 16.8.2002) comprising any service provided to a policyholder, insurer, re insurer or any other person by an actuary, intermediary, insurance intermediary or insurance agent in relation to life insurance business. The service receiver may be a policyholder, insurer, re insurer or any other person; the provider may be an actuary, intermediary, insurance intermediary or insurance agent; and the insurer or re insurer (service receiver) is liable to pay service tax. Definitions clarify actuary, insurance agent, intermediary, insurer and life insurance business.
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