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TMI BlogRegularizing 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 reinsurerX X X X Extracts X X X X X X X X Extracts X X X X ..... ALA, TRIPURA WEST, PIN-799006. Dated, Agartala, the 01 February, 2025. Circular No. 01/2025 - GST (State) Subject: 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 - reg. Madam / Sir, The Government of India, Ministry of Finance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of India, Ministry of Finance, Department of Revenue (Tax Research Unit). Enclo.: Circular No. 244/01/2025-GST. Vivek HB, IAS Chief Commissioner of State Tax Government of Tripura Circular No. 244/01/2025-GST F. No. CBIC-190354/2/2025-TO(TRU-II)-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit) North Block, New Delhi Dated the 28th of January, 202 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cil held in New Delhi on 22nd June, 2024, the following activities or transactions were included in Schedule III of the CGST Act, 2017 as activities or transactions which shall be treated neither as a supply of goods nor as a supply of services: a) Activity of apportionment of co-insurance premium by the lead insurer to the co-insurer for the insurance services jointly suppli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd have been brought into force on 01.11.2024 vide Notification No. 17/2024-Central Tax dated 27.09.2024. 3. In its 53rd meeting, the GST Council further recommended that the payment of GST on the activities or transactions, as specified in paragraph 2 above, may be regularized for the past period, i.e. from 01.07.2017 to the effective date of amendments in the CGST Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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