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GST on Insurance Commission paid to Bank, Goods and Services Tax - GST

Issue Id: - 117267
Dated: 8-6-2021
By:- sumanta nayak

GST on Insurance Commission paid to Bank


  • Contents

1.Is RCM applicable on Insurance Commission paid to banks?

2.Is GST appicable on Commission on Exempted Insurance scheme like PMJJBY

Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 9-6-2021
By:- Shilpi Jain

Services by an insurance agent to an insurance company i.e. person carrying insurance business is nly liable under RCM

Need clarity on 2nd question.. exempted insurance scheme? Exempt under which law?


2 Dated: 9-6-2021
By:- YAGAY andSUN

Please elaborate your queries to enable us to revert.


3 Dated: 10-6-2021
By:- sumanta nayak

Is banking companies are insurance agentd as per definition provided in RCM notification?


Page: 1

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