https://www.taxtmi.com/circulars?id=68593 Regularization addresses GST on apportionment of co-insurance premium by a lead insurer and on ceding/reinsurance commission deducted from reinsurance premium, with Schedule III treating these transactions as neither supply of goods nor services only if the lead insurer remits tax on the entire premium and the reinsurer remits tax on the gross reinsurance premium inclusive of commission; the state enacted and notified these provisions and the GST Council recommended retrospective regularization on an as-is-where-is basis. en-us Wed, 29 Jan 2025 00:00:00 +0530 Mon, 12 May 2025 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68593 Regularization addresses GST on apportionment of co-insurance premium by a lead insurer and on ceding/reinsurance commission deducted from reinsurance premium, with Schedule III treating these transactions as neither supply of goods nor services only if the lead insurer remits tax on the entire premium and the reinsurer remits tax on the gross reinsurance premium inclusive of commission; the state enacted and notified these provisions and the GST Council recommended retrospective regularization on an as-is-where-is basis. Circulars GST - States Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68593