With the GST Council’s latest rate rationalisation, businesses in sectors like textiles and fertilisers may now have ...

Understand Input Tax Credit (ITC), a key component of the GST system. Learn how it prevents cascading taxes, its rules, benefits, and challenges for ...

The Finance Bill 2025 has altered Section 34(2) of the CGST Act. Learn how the new rule links credit note issuance to ITC ...

In case you are confused about the restructuring of GST rates, here are the frequently asked questions that address your ...

The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical ...

Starting September 22, 2025, the GST on individual health and life insurance premiums will be slashed to zero. However, insurers are uncertain if they can fully pass on these benefits to customers due ...

Read this detailed explainer to understand how new rates on everything from milk and cars to IPL tickets will impact your ...

Reduction of GST on health insurance premium from 18% to 0% looks like a straight 18% reduction in what consumers pay. The ...

Under the proposal, premiums for life and health insurance could be completely exempt from GST. You would pay only the base ...

Industry estimates suggest health insurance premiums may rise by 3–5% and life insurance by 0.5–1.5% due to the ITC loss.

Life Insurance Council and LIC are seeking GST relief from the government, including ITC on renewals and exemption of ...