Bombay HC grants interim relief to insurers, stays ₹10,000-crore GST claims

The Bombay High Court has put a hold on GST demands exceeding ten thousand crore rupees. These demands were made against thirteen insurance companies. The court's decision follows circulars from the CBIC that exclude co-insurance premiums and ceding commission from GST. Recovery of these disputed tax demands is now stayed. The case will be heard again on February 18.