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News & Media 24th Jun 2024

No tax…’ – This is how 53rd GST Council Meeting brought BIG relief to insurance sector

Authors

Stella Joseph Partner | Mumbai

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The 53rd GST Council meeting announced key decisions providing significant relief to the reinsurance and general insurance industry. No tax will be levied on co-insurance premiums and reinsurance commissions, classifying co-insurance premiums as “no supply” under GST law.

Our Partner Stella Joseph shares her views with ET NOW’s Anurag Shah in the article ‘No tax…’ – This is how 53rd GST Council Meeting brought BIG relief to insurance sector‘ on the impact on the insurance sector.

Read the article here

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