https://www.taxtmi.com/circulars?id=70143 GST on co-insurance premium apportioned by the lead insurer to the co-insurer is regularized where the lead insurer pays GST on the entire premium. Services involving ceding or reinsurance commission deducted from reinsurance premium are also covered, subject to GST being paid by the reinsurer on the gross reinsurance premium inclusive of such commission. The specified activities are treated as outside supply under Schedule III from 01.11.2024, and past GST payment from 01.07.2017 to 31.10.2024 is regularized on an 'as is where is' basis. en-us Wed, 05 Mar 2025 00:00:00 +0530 Tue, 26 May 2026 18:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70143 GST on co-insurance premium apportioned by the lead insurer to the co-insurer is regularized where the lead insurer pays GST on the entire premium. Services involving ceding or reinsurance commission deducted from reinsurance premium are also covered, subject to GST being paid by the reinsurer on the gross reinsurance premium inclusive of such commission. The specified activities are treated as outside supply under Schedule III from 01.11.2024, and past GST payment from 01.07.2017 to 31.10.2024 is regularized on an 'as is where is' basis. Circulars GST - States Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70143