Regularizing payment of GST on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding Ire-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer

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....issioner of Commercial Taxes Vanijya Therige Karyalaya, Gandhinagar, Bengaluru-560009, Dated: 29-01-2025 COMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. GST- 35/2024 Subject: Regularizing payment of GST on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding Ire-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer....

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....o-insurance agreements, subject to the condition that the lead insurer pays the Central tax, the State tax, the Union territory tax and the integrated tax on the entire amount of premium paid by the insured. b) Services by insurer to the reinsurer for which ceding commission or the reinsurance commission is deducted from reinsurance premium paid by the insurer to the reinsurer, subject to the co....