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    <title>Regularizing payment of GST on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding /re-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer.</title>
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    <description>Exclusion from supply under Schedule III applies to co insurance premium apportionment where the lead insurer pays tax on the full premium, and to insurer to reinsurer services where the reinsurer pays tax on the gross reinsurance premium inclusive of ceding commission. The State has regularised GST payment for these specified transactions retrospectively on an as is where is basis and enacted the provisions by amendment brought into force by departmental notification.</description>
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    <pubDate>Tue, 18 Mar 2025 00:00:00 +0530</pubDate>
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      <title>Regularizing payment of GST on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding /re-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer.</title>
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      <description>Exclusion from supply under Schedule III applies to co insurance premium apportionment where the lead insurer pays tax on the full premium, and to insurer to reinsurer services where the reinsurer pays tax on the gross reinsurance premium inclusive of ceding commission. The State has regularised GST payment for these specified transactions retrospectively on an as is where is basis and enacted the provisions by amendment brought into force by departmental notification.</description>
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      <pubDate>Tue, 18 Mar 2025 00:00:00 +0530</pubDate>
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