Home Forum Goods and Services Tax - GST Month 8 2023 2023 (8) This
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GST on Incentive amount to insurance agent - Goods and Services Tax - GSTExtract GST Query General Insurance Agent got *incentive* for his performance in form of out of country trip with family and deducted TDS under section 194R of IT Act 1961 . Total incentive amount is Rs 22 lakh for each and every Agent. Is GST applicable on incentive amount? If yes then GST on RCM basis and insurance company will pay GST or is GST payable on forward charge basis and GST is to be paid by insurance Agent. Insurance company debited such amount as Conference exp. in their books of accounts.
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