Starting September 22, 2025, individual health and life insurance premiums are GST-exempt, but insurers have lost their ITC ...
Ecommerce sellers in categories like apparel and handicrafts are bracing for a short-term cash crunch due to higher input tax paid on unsold stock before GST rates were cut. With new lower GST rates, ...
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No ITC benefit towards GST paid on commission on individual health, life policies from Sep 22
Insurance companies will no longer be able to claim input tax credit on commissions for individual health and life insurance ...
From September 22, 2025, individual health and life insurance premiums in India will be exempt from GST, except for group ...
The GST Council’s shift to a two-slab system may look consumer-friendly with lower rates, but denial of Input Tax Credit (ITC ...
Explore India's 2025 GST rate changes under GST 2.0—simplified tax slabs, reduced rates on essentials, and a new 40% luxury ...
India`s 2025 GST reforms simplify taxes, boost consumption, and drive sectoral growth. Learn how these changes impact ...
The Finance Ministry clarified that medicines released before Sept 22, 2025, need not be recalled or relabelled under GST 2.0 ...
No ITC on GST for individual health & life insurance commissions from Sep 22. CBIC clarifies new GST rules & impact on businesses.
After the implementation of GST 2.0, manufacturers across sectors like textiles, consumer electronics, automobiles, pharma ...
A reduction in the cost of logistics would have cascading effects, such as making the manufacturing sector more competitive, experts said.
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