The Insurance Regulatory and Development Authority of India on 11th August 2022, has notified that the services provided to the Insurance intermediaries are liable for service tax/GST and therefore they 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%.
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.
