Heading 9971 or Heading 9991
Services – Exemption from GST
GST
Services by way of reinsurance of the insurance schemes specified in serial numbers 36 or 37 37[or 41].
Definition
* In the Para 8.2 As per the IRDAI (Re-insurance) Regulations, 2018, 'Retrocession' means a re-insurance transaction whereby a part of assumed reinsured risk is further ceded to another Indian Insurer or a CBR (Cross Border Re-insurer). [ See Circular No. 228/22/2024-G
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