Supply exclusion for insurer-reinsurer services: reinsurer must pay GST on gross reinsurance premium including ceding commission. Insurer-to-reinsurer services for which ceding or reinsurance commission is deducted are treated as neither supply only if the reinsurer pays GST on the gross reinsurance premium inclusive of that commission; payment of central, State/Union territory and integrated tax on the full premium is the operative condition.
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.
Supply exclusion for insurer-reinsurer services: reinsurer must pay GST on gross reinsurance premium including ceding commission.
Insurer-to-reinsurer services for which ceding or reinsurance commission is deducted are treated as neither supply only if the reinsurer pays GST on the gross reinsurance premium inclusive of that commission; payment of central, State/Union territory and integrated tax on the full premium is the operative condition.
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