sbi life insurance broker reverse charge

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bi life insurance broker reverse charge<br> Query (Issue) Started By: - satbir singhwahi Dated:- 14-2-2018 Last Reply Date:- 21-2-2018 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>sir insurance brokers are covered by reverse charge . Is there any change as sbi life insurance co. is asking brokers to put gst in invoice and pay. pls guide Reply By Alkesh Jani: The Reply: Sir, In terms ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of Notification No. 13/2017-CT (Rate) dated 28/06/2017 at Sl.No.7, Tax is to be paid by the Company under RCM. I have not came across any changes in the said Notification as amended from time to time. Our Expert are invited to correct me, if mistaken. Reply By KASTURI SETHI: The Reply: No change at all. Sh.Alkesh Jani Ji, is right. Reply By satbir singhwahi: The Reply: Sir Now I have received....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... mail of notification Notification No. 3/2018- Central Tax (Rate) New Delhi, the 25th January, 2018,and 25th GST meeting press release.KIndly confirm. Reply By KASTURI SETHI: The Reply: Definition of &#39;Insurance Agent&#39; has been widened. Nothing else. Regarding leviability of GST, Status quo has been maintained. Reply By Rajagopalan Ranganathan: The Reply: Sir, Vide Sl. No.7 of Notifica....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tion No.13/2017-Central Tax (Rate) dated 28.6.2017 as amended &quot;services supplied by an insurance agent to any person carrying on insurance business, gst is payable by any person carrying on insurance business, located in the taxable territory. &quot; Reply By Alkesh Jani: The Reply: Sir, I agree with our experts, by widening the meaning of Insurance agent, company cannot sift their liabilit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y to pay tax under RCM to the agent. Reply By Ganeshan Kalyani: The Reply: insurance company has to pay GST under RCM .<br> Discussion Forum - Knowledge Sharing ....