TMI BlogInsurance CommissionX X X X Extracts X X X X X X X X Extracts X X X X ..... Does taxability limit of Rs. 10 Lakh available to service provider or not? e.g. an Insurance Agent provides services to Insurance Company and his Insurance Commission from Insurance Business or oth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er business where he/she provides services in 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10 Lakh). 1. Can Insurance company charge the Service Tax and at what percentage? 2. At which Commission Intial / renewal or both. I have few instances to Insurance companies charg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing service tax on commission of their agents however the percentage of charge varies from company to company - Reply By PAWAN KUMAR - The Reply = As per my view, insurance company can charge servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e tax at the rate of 12.36 percent on the actual commission paid to insurance agent under reverse charge mechanism. - Insurance Commission - Query Started By: - ajay singh Dated:- 16-12-2013 Serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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