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Insurance Commission Received whether taxable or not under GST?? He is also doing sale of taxable supplies.
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....nsurance Commission Received whether taxable or not under GST?? He is also doing sale of taxable supplies.<br> Query (Issue) Started By: - Rajendra Prasad Dated:- 18-3-2020 Last Reply Date:- 14-7-2020....
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.... Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Sir Insurance commission received whether taxable under GST or not???? He is also doing sale of taxable supplies... Reply By CAVenkatapras....
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....ad Pasupuleti: The Reply: It is liable for GST and only premiums for certain policies is exempted from GST. Reply By Ganeshan Kalyani: The Reply: Yes, insurance commission is liable to GST subject ....
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....to threshold limit of taxability. Reply By Rachit Agarwal: The Reply: Insurance commission is liable to GST under reverse charge. The Insurance company will discharge the tax on the commission paid ....
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....to Insurance Agent under reverse charge pursuant to Notification No- 13/2017 dated 28.06.2017. Hence there will be no liable to discharge GST on Insurance Agent. However for the purpose of computing....
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.... the turnover, the insurance commission received would form part of the turnover Reply By amit mamgain: The Reply: hi Sir , Need a clarification . Can insurance deduct GST from the commission paid ....
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....to the insurance agent? Thanks Amit<br> Discussion Forum - Knowledge Sharing ....