GST Hurdles Plague GIFT City Reinsurers; Action Promised - Whalesbook

Overview Reinsurers operating from India's GIFT City are flagging significant Goods and Services Tax (GST) disadvantages and regulatory complications. Officials acknowledge the issues, with the Gift City Chairman promising to take up the GST forward charge mechanism with the Centre for relief. Despite these operational hurdles, reinsurance activity at GIFT IFSC surged four-fold in Q2 FY26, with gr…