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

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....ent F.17 (134-Pt-IV) ACCT/GST/2017/239 Date: 13/02/2025 GST Circular No. 05/2025 All Special Commissioners/Additional Commissioners/Joint Commissioners/ Deputy Commissioners /Assistant Commissioners, State Tax, Rajasthan, Jaipur Subject: Regularizing payment of GST on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding /re-insurance commission ....

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....ointly supplied by the lead insurer and the co-insurer to the insured in co-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....