- GST Council to review exempting reinsurance business from GST
- Review likely to be held after general elections
- Proposal that reinsurance should not be treated as supply and no GST should be applicable
- Leading insurance companies received notices for non-payment of GST on reinsurance premiums
- Next GST Council meeting may be convened at the end of June
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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