Learn if a GST rate reduction requires ITC reversal under Section 18(4) of the CGST Act. This article clarifies that ITC reversal is not needed for reduced tax ...

Ever since the GST Council, in its 56th meeting chaired by FM Sitharaman last week, cut the GST rate to zero, concerns have ...

Health insurance firms may raise policy tariffs by 3-5% to offset their losses incurred from the input tax credit. Here's ...

Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial ...

Individual life and health insurance policies, including reinsurance thereof, will be exempt from GST from 22, 2025. Currently, health insurance policies are taxed at 18%.

Securities are neither goods nor services, so no input tax credit (ITC) is permissible on expenditure for buyback of shares, Gujarat’s Authority for Advance Ruling (AAR) said in the matter of Gujarat ...

Insurance experts have said that there has been a lot of ambiguity around the GST cut for new customers and policyholders who have paid their premiums recently ...

The Sikkim High Court has ruled that businesses are eligible for refunds on unutilised input tax credit (ITC) even after discontinuing operations. This decision came after SICPA India, a security ink ...