Amendment of Schedule III
Section 149 of the Finance Act, 2024 (No. 2) deals with amendment of Schedule III. Amendment of Schedule III. 149. In Schedule III to the Central Goods and Services Tax Act, after paragraph 8 and before Explanation 1, the following paragraphs shall be inserted, namely:— "9. The Act was enacted on 16 Aug 2024.
Amendment of Schedule III.
149. In Schedule III to the Central Goods and Services Tax Act, after paragraph 8 and before Explanation 1, the following paragraphs shall be inserted, namely:—
"9. Activity of apportionment of co-insurance premium by the lead insurer to the co-insurer for the insurance services jointly supplied by the lead insurer and the co-insurer to the insured in co-insurance agreements, subject to the condition that the lead insurer pays the central tax, the State tax, the Union territory tax and the integrated tax on the entire amount of premium paid by the insured.
10. Services by insurer to the reinsurer for which ceding commission or the reinsurance commission is deducted from reinsurance premium paid by the insurer to the reinsurer, subject to the condition that the central tax, the State tax, the Union territory tax and the integrated tax is paid by the reinsurer on the gross reinsurance premium payable by the insurer to the reinsurer, inclusive of the said ceding commission or the reinsurance commission.".
Section 149, The Finance Act, 2024 (No. 2).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 1
Questions about Section 149
What does Section 149 of the Finance Act, 2024 (No. 2) deal with?
Section 149 of the Finance Act, 2024 (No. 2) is headed "Amendment of Schedule III". Amendment of Schedule III. 149. In Schedule III to the Central Goods and Services Tax Act, after paragraph 8 and before Explanation 1, the following paragraphs shall be inserted, namely:— "9.
How do I find court cases under Section 149 of the Finance Act, 2024 (No. 2)?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act, 2024 (No. 2) 149, section 149 Finance Act, 2024 (No. 2), section 149 of the Finance Act, 2024 (No. 2). Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 149 of the Finance Act, 2024 (No. 2), and has it changed?
1 other provision in this corpus refers back to it.
When was Section 149 of the Finance Act, 2024 (No. 2) enacted?
Section 149 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 149, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.
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