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sbi life insurance broker reverse charge, Goods and Services Tax - GST

Issue Id: - 113409
Dated: 14-2-2018
By:- satbir singhwahi
sbi life insurance broker reverse charge

  • Contents


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

Posts / Replies

Showing Replies 1 to 7 of 7 Records

1 Dated: 15-2-2018
By:- Alkesh Jani

Sir, In terms 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.

2 Dated: 15-2-2018

No change at all. Sh.Alkesh Jani Ji, is right.

3 Dated: 15-2-2018
By:- satbir singhwahi


Now I have received mail of notification Notification No. 3/2018- Central Tax (Rate) New Delhi, the 25th January, 2018,and 25th GST meeting press release.KIndly confirm.

4 Dated: 15-2-2018

Definition of 'Insurance Agent' has been widened. Nothing else. Regarding leviability of GST, Status quo has been maintained.

5 Dated: 15-2-2018
By:- Rajagopalan Ranganathan


Vide Sl. No.7 of Notification No.13/2017-Central Tax (Rate) dated 28.6.2017 as amended "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. "

6 Dated: 16-2-2018
By:- Alkesh Jani

Sir, I agree with our experts, by widening the meaning of Insurance agent, company cannot sift their liability to pay tax under RCM to the agent.

7 Dated: 21-2-2018
By:- Ganeshan Kalyani

insurance company has to pay GST under RCM .


Old Query - New Comments are closed.

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