Input Tax Credit issue: Insurers to charge 18% GST on agents’ commission

Insurers face higher operating costs, and distributors face lower earnings, highlighting the unintended consequences of a ...
LiveLaw

Input Tax Credit Can't Be Blocked If Credit Balance Is Nil: Bombay High Court

The Bombay High Court on Tuesday held that Input Tax Credit (ITC) cannot be blocked under Rule 86-A of the Central Goods and ...

SC upholds ITC benefit for purchaser-dealer despite selling-dealer’s failure to deposit tax

Supreme Court upholds ITC benefit for purchaser-dealers despite selling-dealer's tax failure, impacting interpretations and ...
The Financial Express

Health and life insurance now tax-free: Know how much you save on premiums with zero GST

Health and life insurance premiums no longer attract 18% GST, making policies cheaper. While policyholders will immediately benefit, experts warn insurers may hike premiums by 3–5% in the long run due ...

The end of GST’s price watchdog: What DGAP’s exit means

The DGAP is currently assisting the GST Appellate Tribunal’s principal bench in Delhi to decide the ongoing cases of ...

GSTR-9 annual return FY 2024-25: Key change in reporting Table 6 explained

A significant change has been introduced in the GSTR-9 annual return form. This update, effective for FY 2024-25 with a ...