https://www.taxtmi.com/circulars?id=8073 The circular clarifies that amounts retained by an insurer from premiums paid by a reinsurer constitute joint administrative expense sharing and not consideration for the insurer providing Business Auxiliary Service to the reinsurer; since both insurer and reinsurer are liable to service tax on their respective premiums under the Finance Act, taxation of the retained amounts as another taxable service is not warranted, and pending cases should be decided accordingly. en-us Fri, 16 Apr 2010 00:00:00 +0530 Fri, 06 Jan 2012 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8073 The circular clarifies that amounts retained by an insurer from premiums paid by a reinsurer constitute joint administrative expense sharing and not consideration for the insurer providing Business Auxiliary Service to the reinsurer; since both insurer and reinsurer are liable to service tax on their respective premiums under the Finance Act, taxation of the retained amounts as another taxable service is not warranted, and pending cases should be decided accordingly. Circulars Service Tax Fri, 16 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8073