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2018 (3) TMI 195 - AT - Service TaxInsurance Auxiliary Service - appellant had received incentives from insurance companies - SCN has alleged that these activities of the appellant will bring them within the fold of actuary and hence they are required to pay service tax under the Insurance Auxiliary Service - Held that: - insurer registered to carry on insurance business cannot carry on such business without an appointed actuary. Such actuary has to be, inter alia, a Fellow Member of the Actuarial Society of India, an employee of the life insurer (in case of Life Insurance business or General Insurance business), a person who possesses a Certificate of Practice issued by the Actuarial Society of India - Surely, the appellant does not possess any of these qualifications nor they have been appointed or registered as actuary. This being so, the main plank of the SCN cannot survive - appeal allowed - decided in favor of appellant.
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