Bare ActsThe KARNATAKA GOODS AND SERVICES TAX ACT, 2017

Section 10

Amendment status not verified — confirm the current text below against the official source.

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.]5 Explanation2[1]2.––For the purposes of paragraph 2, the term ―court ‖ includes District Court, High Court and Supreme Court. 3[1[Explanation 2.- For the purposes of 6[clause (a) of]6 paragraph 8, the expression ―warehoused goods‖ shall have the same meaning as assigned to it in the Customs Act, 1962 (Central Act 52 of 1962).]1]3 6[Explanation 3.- For the purposes of clause (aa) of paragraph 8, the expressions "Special Economic Zone", "Free Trade Warehousing Zone" and "Domestic Tariff Area" shall have the same meanings respectively as assigned to them in section 2 of the Special Economic Zones Act, 2005 (Central Act No 28 of 2005).]6 The above translation of PÀ£ÁðlPÀ ¸ÀgÀPÀÄ ªÀÄvÀÄÛ ¸ÉêÉUÀ¼À vÉjUÉ C¢ü¤AiÀĪÀÄ, 2017 (2017gÀ PÀ£ÁðlPÀ C¢ü¤AiÀĪÀÄ ¸ÀASÉå:27) be published in the Official Gazette under clause (3) of Article 348 of the Constitution of India.

Section 10 – The KARNATAKA GOODS AND SERVICES TAX ACT, 2017 | DailyLaw.ai