The court stated that this was in light of the fact that though the exemption was notified only on July 27, 2018, the government regularized GST liability on such services which being for the period from July 01, 2017 till July 26, 2018.
The court stated that entry 40 in Notification No. 12/2017 exempts GST liability on reinsurance services provided to the Government under insurance schemes for which total premium is paid by the Government.
The Division bench comprising of Justice Yashwant Varma and Justice Ravinder Dudeja was hearing the present matter.
The bench in the case stated that though Entry 40 was included in the above notification dated 28 June 2017, only with effect from July 27, 2018.
Bu hikaye The Daily Guardian dergisinin October 10, 2024 sayısından alınmıştır.
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Bu hikaye The Daily Guardian dergisinin October 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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