https://www.taxtmi.com/circulars?id=68556 Apportionment of co insurance premium by the lead insurer and insurer services to a reinsurer involving ceding/reinsurance commission are treated as neither supply under Schedule III provided the lead insurer pays tax on the full premium from the insured and the reinsurer pays tax on the gross reinsurance premium inclusive of commission; these rules were enacted in the Finance (No. 2) Act, 2024 and have been regularized retrospectively on an "as is where is" basis. en-us Sat, 01 Feb 2025 00:00:00 +0530 Tue, 29 Apr 2025 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68556 Apportionment of co insurance premium by the lead insurer and insurer services to a reinsurer involving ceding/reinsurance commission are treated as neither supply under Schedule III provided the lead insurer pays tax on the full premium from the insured and the reinsurer pays tax on the gross reinsurance premium inclusive of commission; these rules were enacted in the Finance (No. 2) Act, 2024 and have been regularized retrospectively on an "as is where is" basis. Circulars GST - States Sat, 01 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68556