TaxTMI 
TaxTMI 
Insurance auxiliary services concerning general insurance business
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....by an actuary, or intermediary or insurance intermediary or insurance agent, in relation to insurance auxiliary services concerning general insurance business; Who is the receiver of service A policy holder or insurer or any other person Who is the provider of service An actuary or intermediary or insurance intermediary or insurance agent Who is liable to pay service tax Insurer (receiver of....
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....eaning of Insurance Agent - 65(54) "Insurance Agent" has the meaning assigned to it in clause (10) of section 2 of the Insurance Act, 1938; As per clause (10) of section 2 of the Insurance Act, 1938; "Insurance Agent means an insurance agent licensed under section 42, who receives or agrees to receive payment by way of commission of other remuneration in consideration of his soliciting or procu....
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....ty Act, 1999; "Intermediary or insurance intermediary is defined inclusively and it includes insurance brokers, reinsurance brokers, insurance consultants, surveyors and loss assessors." Meaning of Insurer - 65(58) "insurer" means any person carrying on the general insurance business or life insurance business and includes a re-insurer; Comments: A. As per Paragraph No 6. of Circular No. 96/7....