{"id":71164,"date":"2025-03-20T18:36:53","date_gmt":"2025-03-20T13:06:53","guid":{"rendered":""},"modified":"2025-03-20T18:36:53","modified_gmt":"2025-03-20T13:06:53","slug":"gst-exemption-on-insurance-premium-sharing-and-reinsurance-services-under-schedule-iii-amendment","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=71164","title":{"rendered":"GST Exemption on Insurance Premium Sharing and Reinsurance Services Under Schedule III Amendment"},"content":{"rendered":"<p>GST Exemption on Insurance Premium Sharing and Reinsurance Services Under Schedule III Amendment<br \/>Circulars<br \/>GST &#8211; States<br \/>The circular regularizes GST payment on two insurance-related transactions from July 1, 2017 to October 31, 2024 on an &#8220;as is where is&#8221; basis. Effective November 1, 2024, Schedule III of the CGST Act was amended to exclude: (1) premium apportionment by lead insurers to co-insurers, provided the lead insurer pays GST on the entire premium; and (2) services by insurers t<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=86687\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST Exemption on Insurance Premium Sharing and Reinsurance Services Under Schedule III AmendmentCircularsGST &#8211; StatesThe circular regularizes GST payment on two insurance-related transactions from July 1, 2017 to October 31, 2024 on an &#8220;as is where is&#8221; ba<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71164","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/71164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71164"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/71164\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}