Act Name/Rule Name: Central Goods and Services Tax Act, 2017
Applicable Rule/Section: Schedule III of CGST Act, 2017
Type of Document: Circular
Date: January 28, 2025
Circular No./Notification No.: Circular No. 244/01/2025-GST
This circular clarifies how GST (Goods and Services Tax) applies to certain insurance transactions, specifically co-insurance and reinsurance, to ensure there’s no confusion in the industry.
Co-Insurance Premium
Reinsurance Commission
Regularisation of Past Transactions
What’s the Impact?
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