kindly explain whether the commission received from Insurance co (Life insruance) is liable for GST. The Commission receiver is engaged in business and having GST No.

Reply—Yes, GST is applicable on Life insurance commission, but tax is payable by recipient of service i.e. insurance company under reverse charge.

Services provided by Insurance agent is covered under reverse charge mechanism, insurance company will pay tax under reverse charge. Refer Notification No.13/2017-Central Tax (Rate) Dated: June 28, 2017.