Hosted on MSN

GST exemption on insurance: Why Input Tax Credit loss worries insurers and what it means for your policy cost

The government’s decision to exempt health and life insurance premiums from the 18 per cent Goods and Services Tax (GST), effective September 22, 2025, has been welcomed as a big step toward ...
Tax Guru

Inverted Duty Refund Allowed Even When Input & Output Tax Rates Match: Karnataka HC

The Karnataka High Court ruled that refund of accumulated ITC under Section 54(3)(ii) cannot be denied merely because the ...