Ref: IRDAI/GA&HR/CIR/MISC/172/8/2022 11/08/2022 CIRCULAR Reg: Applicability of Service Tax / GST on services provided by IRDAI to Insurance intermediaries As per the Order passed by the Commissioner (Appeals – I) in appeal no. HYD/SVTAX- HYC/APP-025-022-23 (APP1) dated 22/06/2022, it is stated that the services provide…
Ref: IRDAI/GA&HR/CIR/MISC/172/8/2022 11/08/2022 CIRCULAR Reg: Applicability of Service Tax / GST on services provided by IRDAI to Insurance intermediaries As per the Order passed by the Commissioner (Appeals – I) in appeal no. HYD/SVTAX- HYC/APP-025-022-23 (APP1) dated 22/06/2022, it is stated that the services provided by the Authority to Insurance intermediaries are liable for Service Tax / GST. Therefore, all insurance intermediaries are advised to ensure that any payment made to the Authority towards fees / charges etc., paid / payable on or after 12/08/2022 shall be made along with GST @ 18%. Instructions in respect of Service Tax / GST for the earlier period will be issued separately. Further, all the insurance intermediaries are directed to submit a copy of their GST registration certificate bearing the Goods and Services Tax Identification Number to the Authority on the e- mail ID, kanthishri@irdai.gov.in and accounts@irdai.gov.in on or before 20th August, 2022 for the purpose of including the same in the invoices generated by the Authority in respect of the fee collection. CGM (General Administration & HR) MEENA KUMARI JAGGALI Digitally signed by MEENA KUMARI JAGGALI Date: 2022.08.11 17:28:42 +05'30'
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