GST tariff for insurance auxiliary services concerning life insurance business

Amount of GST payable on services of insurance auxiliary related to life insurance

 

Click here to know GST rate for this service 

The details about GST rate changes for sale of insurance auxiliary services concerning life insurance business are being updated here.  The notification changes on exemptions for GST for sale of insurance auxiliary services concerning life insurance business and other circulars related to GST for insurance auxiliary services concerning life insurance business are updated in this website.

 

GST tariff for insurance auxiliary services concerning life insurance business"Insurance Auxiliary Service" means any service provided by an actuary, an intermediary or insurance intermediary or an insurance agent in relation to general insurance business or life insurance business and includes risk assessment, claim settlement, survey and loss assessment;

 

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services.  Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.   The most essential goods and services attract nil rate of GST under Exempted Categories.     Luxury goods and services and certain specific goods and services   attract additional cess than 28% GST.

 

Click here to know GST rate for this service

 

Click here to know GST rate on Goods and Services

 

Click here to know GST exemption list of goods and service

 

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Challan Format of GST Tax payment

GST Tax payment, error in Total amount, How to solve?

GST Tax payment error in major head, how to solve?

GST Tax payment error in GSTIN

Challan Correction Mechanism under GST Tax payments

Recording by Tax Authorities on GST payments

GST Tax payments, communication between RBI,GST and Accounting authorities

GST tax paid but no SMS confirmation or credit in ledger

GST amount received in a tax head different from the one specified in the challan

Error in GST receipts under transaction reported to RBI

GST Tax receipts transaction reported by Bank to RBI but not to GSTN

Error in transaction between GST, authorized banks and RBI under GST tax collection

How to get Export Order?

GST Registration Guidelines

Learn Imports and Exports business free of cost

Find HSN code of your product.

How to export goods from India?

Who can inspect import cargo in US

Shut out procedures to get back goods to exporter's place

How to solve exchange rate variation in export business

How to cover the risk of Cargo loss or damage in Import Export Business

How to open an LC? Procedures to open a Letter of Credit

Merge your Commercial Invoice and Packing List

What is Retail Sale Price, RSP under import duty calculation

How does Anti dumping duty work?

Certification of Phyto Sanitary under exports and imports

12 Major risks and solutions in Imports and Exports

 

Indian GST charges on Insurance Auxiliary Service provided by an actuary in risk assessment

GST tax on Claim settlement service provided by an intermediary

GST slab on Insurance Auxiliary Service by life insurance loss and assessment

Goods and Service Tax rate on Service provided by an intermediary in life insurance

How much GST on Any service provided by insurance agent?

GST slab rate on Service provided by insurance intermediary in general insurance

Rate of GST slab on Insurance agent services in general insurance


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers