The GST Council, as widely expected, moved to a two-slab indirect tax system by retaining the 5% and 18% rates and doing away with the 12% and 18% slabs. The GST Council has been maintaining the ...
ITC return news: The GST Council has decided to abolish the tax on health insurance and life insurance premiums. This will come into effect from 22 September 2025. But there is a catch for insurance ...
Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, ...
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