Insurance premium & reinsurance commission not 'supply' – Refund due on deposits made pending litigation.
Case-Laws
GST
The High Court held that the co-insurance premium and reinsurance commission would not be considered as supply and thus, the petitioners are entitled to a refund. The amounts deposited by the petitioner were not towards discharge of tax liability, but merely deposits pursuant to the court's order pending final adjudication. Since the utilization of these amounts for ta
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