The GST Council's next meeting may bring major relief for businesses, including input tax credit-related benefits on vehicles ...
Explains use of RTI to seek supplier GST cancellation records in NGTP-based ITC disputes under Section 29, Rule 22 and the RTI ...
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Health and life insurance policies will not receive GST ITC benefits. Find out what the CBIC says.
GST Exemption: Following the GST Council's decision, premiums on health and life insurance policies have been exempted from tax, but commission agents and brokers will not receive input tax credit ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...
In a major relief for individual policyholders, the Goods and Services Tax (GST) Council announced on September 3, 2025, that all individual health and life insurance premiums would no longer be ...
The discussions come in the backdrop of several sectors highlighting that, after the recent GST rate rationalisation, many finished goods such as FMCG products, food, and medicines now face a 5 per ...
Nine years after GST, the article reviews higher revenue and taxpayer growth while calling for simpler compliance, fewer ...
Insurance companies will not get Input Tax Credit on commission or brokerages for individual health and life insurance policies, Central Board of Indirect Taxes & Custom (CBIC) said on Tuesday. It has ...
Streamlining supply chains by dismantling fiscal barriers is a big benefit. Now, the reform agenda should deal with inverted duty structures and delayed refunds ...
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