Insurance Commission

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..... Insurance Commission
Query (Issue) Started By: - ajay singh Dated:- 16-12-2013 Last Reply Date:- 16-12-2013 Service Tax
Got 1 Reply
Service Tax
Does taxability limit of Rs. 10 Lakh availa .....

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..... ble to service provider or not? e.g. an Insurance Agent provides services to Insurance Company and his Insurance Commission from Insurance Business or other business where he/she provides services i .....

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..... n below Rs. 10 Lakh (This income doesn't include any Interest, Salary or Pension income. Or which incomes are to be included under Service Tax limit of Rs. 10 Lakh). 1. Can Insurance company charge .....

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..... the Service Tax and at what percentage? 2. At which Commission Intial / renewal or both. I have few instances to Insurance companies charging service tax on commission of their agents however the p .....

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..... ercentage of charge varies from company to company Reply By PAWAN KUMAR: The Reply: As per my view, insurance company can charge service tax at the rate of 12.36 percent on the actual commission pai .....

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..... d to insurance agent under reverse charge mechanism.
Discussion Forum - Knowledge Sharing .....

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