Assisting Domestic Client by receiving Services of Re-Insurer Abroad is Export of Service

 Brief of the Case In the case of Suparesh General Insurance Services and Brokers Pvt. Ltd. v Commissioner of Service Tax, Hon’ble Madras High Court held that whenever, a transaction of rendering services is taken out by the re- insurance broker in India in order to get the services of re-insurer abroad for assisting the client in India, will come under the definition of “Export of Services”.  Facts of the Case The assessee is an Insurance Broker as well as Re-insurance Broker who got a Composite Licence under the Insurance Regulatory and Development Authority (Insurance Brokers) Regul...