https://www.taxtmi.com/circulars?id=69322 Apportionment of co insurance premium by the lead insurer and insurer services to reinsurer (where ceding/reinsurance commission is deducted) are treated as non supplies under Schedule III, conditional on the lead insurer or the reinsurer paying GST on the full premium/gross reinsurance premium inclusive of commission. These rules were enacted by the Uttar Pradesh GST Amendment (No. 2) Act, 2024 and GST payment on such transactions is regularized retrospectively on an "as is where is" basis for the specified earlier period. en-us Thu, 30 Jan 2025 00:00:00 +0530 Tue, 10 Mar 2026 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69322 Apportionment of co insurance premium by the lead insurer and insurer services to reinsurer (where ceding/reinsurance commission is deducted) are treated as non supplies under Schedule III, conditional on the lead insurer or the reinsurer paying GST on the full premium/gross reinsurance premium inclusive of commission. These rules were enacted by the Uttar Pradesh GST Amendment (No. 2) Act, 2024 and GST payment on such transactions is regularized retrospectively on an "as is where is" basis for the specified earlier period. Circulars GST - States Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69322