Apportionment of co insurance premium not treated as supply when lead insurer pays tax on the entire premium. Apportionment of co insurance premium by a lead insurer to co insurers is excluded from supply, provided the lead insurer pays the central, State, Union territory and integrated tax on the entire premium amount received from the insured; the exclusion applies to apportionment for insurance services jointly supplied under co insurance agreements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Apportionment of co insurance premium not treated as supply when lead insurer pays tax on the entire premium.
Apportionment of co insurance premium by a lead insurer to co insurers is excluded from supply, provided the lead insurer pays the central, State, Union territory and integrated tax on the entire premium amount received from the insured; the exclusion applies to apportionment for insurance services jointly supplied under co insurance agreements.
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