If insurance company is paying tax under reverse charge on payment of commission to insurance agent then whether insurance company will get credit of such tax

If insurance company is paying tax under reverse charge on payment of commission to insurance agent then whether insurance company will get credit of such tax

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Input tax includes tax paid on reverse charge and the hence insurance company is eligible for input tax credit of taxes paid on reverse charge basis.

Answered on July 3, 2017.
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Gen GST