IRDAI notifies the applicability of service tax/GST on services provided by IRDAI to Insurance intermediaries.


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, and  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.

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