https://www.taxtmi.com/circulars?id=70397 Regularization of GST payment applies to co-insurance premium apportionment and ceding or re-insurance commission transactions now treated as neither a supply of goods nor a supply of services under Schedule III. The lead insurer is to pay GST on the entire co-insurance premium, while the reinsurer is to pay GST on the gross reinsurance premium inclusive of commission. The payment of GST on these transactions is regularized retrospectively on an "as is where is" basis for the period from 01.07.2017 to 31.10.2024. en-us Mon, 09 Feb 2026 00:00:00 +0530 Fri, 03 Jul 2026 16:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70397 Regularization of GST payment applies to co-insurance premium apportionment and ceding or re-insurance commission transactions now treated as neither a supply of goods nor a supply of services under Schedule III. The lead insurer is to pay GST on the entire co-insurance premium, while the reinsurer is to pay GST on the gross reinsurance premium inclusive of commission. The payment of GST on these transactions is regularized retrospectively on an "as is where is" basis for the period from 01.07.2017 to 31.10.2024. Circulars GST - States Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70397