Service tax amendment clarifies insurance agent scope, separating general insurance business from insurance auxiliary service. The amendment modifies rule 2(1)(d) of the Service Tax Rules, 1994 by substituting wording so that references pertain to activities 'in relation to general insurance business' and by inserting a separate clause treating 'insurance auxiliary service by an insurance agent' as services provided by any person carrying on the general insurance business in India, thereby distinguishing the tax characterisation of general insurance business from insurance auxiliary services performed by agents.
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.
Service tax amendment clarifies insurance agent scope, separating general insurance business from insurance auxiliary service.
The amendment modifies rule 2(1)(d) of the Service Tax Rules, 1994 by substituting wording so that references pertain to activities "in relation to general insurance business" and by inserting a separate clause treating "insurance auxiliary service by an insurance agent" as services provided by any person carrying on the general insurance business in India, thereby distinguishing the tax characterisation of general insurance business from insurance auxiliary services performed by agents.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
