https://www.taxtmi.com/circulars?id=71172 Co-insurance premium apportioned by a lead insurer to a co-insurer is treated neither as a supply of goods nor services where the lead insurer pays applicable GST on the entire premium. Ceding or reinsurance commission deducted from reinsurance premium is similarly excluded where the reinsurer pays applicable GST on the gross premium, including the commission. GST payments for these transactions during the period from 1 July 2017 to 31 October 2024 are regularized on an as-is-where-is basis. en-us Tue, 04 Feb 2025 00:00:00 +0530 Mon, 07 Sep 2026 16:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71172 Co-insurance premium apportioned by a lead insurer to a co-insurer is treated neither as a supply of goods nor services where the lead insurer pays applicable GST on the entire premium. Ceding or reinsurance commission deducted from reinsurance premium is similarly excluded where the reinsurer pays applicable GST on the gross premium, including the commission. GST payments for these transactions during the period from 1 July 2017 to 31 October 2024 are regularized on an as-is-where-is basis. Circulars GST - States Tue, 04 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71172