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Insurance companies will have to return input tax credit after September 21, know what will be the impact on the cost..

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 ...
Indiatimes

GST reforms: No input tax credit on commission for individual health, life insurance policies from Sep 22; insurers to bear cost

Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life policies, as clarified by CBIC. This aligns with the new GST structure ...
Forbes

Conditions To Claim Input Tax Credit Under GST

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 ...
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GST Conclave: Up To 90% Blocked Input Tax Credits Unlocked By New Tax Structure, Says CII President

Up to 90% of blocked input tax credits for businesses has been unlocked after the new goods-and-services-tax structure reduced the input costs of raw materials, according to Rajiv Memani, president of ...
Business Line

FHRAI seeks restoration of input tax credit on room tariffs up to ₹7,500

Federation of Hotel & Restaurant Associations of India (FHRAI) on Saturday demanded restoration of input tax credit on room tariffs of up to ₹7,500. The government has brought down the goods and ...