Activities or Transaction Excluded from Supply - Para 10 of Schedule III [Read with Section 7(2)]

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..... h shall be treated as neither supply of goods nor supply of services. (In other words, exclude from the supply for the purposes of GST) Para 10 - Services by insurer to the reinsurer 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 condition that the central tax .....

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