Reliance General gets Rs 923cr GST notices Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, has received show-cause notices amounting to nearly Rs 923 crore from the Directorate General of GST Intelligence. #showcausenotice #notice #gst #litigation

According to sources, the company has received four notices from the DGGI demanding GST on the revenue generated from services like re-insurance and co-insurance.

The company says the lead insurer has discharged its GST liability on the entire premium, therefore, there is no need for it to pay GST on the realization of the follower premium.

However, the GST department is of the opinion that there is no provision in the GST Act where one registered person can collect and disburse tax on behalf of another, regardless of any co-insurance arrangement. agencies