This piece examines how restrictive provisions under GST law limit refund of unutilised ITC during insolvency, despite ...
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Profit Explains: Why GST Cuts On Insurance Without Input Tax Credit Will Not Bring Down Premiums
Prime Minister Narendra Modi had announced a two-slab GST structure that could help rev up consumption and streamline indirect taxation, in a move that could be the most significant overhaul of the ...
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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 ...
GST is a destination-based value-added tax on final consumption, it is not meant to be a tax on production or investment. India faces a paradox today. Its GDP growth is among the fastest in the world, ...
The case addressed increased ITC benefits post-GST without corresponding price reduction. The tribunal ruled this violated Section 171, mandating refund, interest at 18%, and potential ...
The transition from the erstwhile indirect tax regime to the Integrated Goods and Services Tax Act, 2017 (“GST”) was intended ...
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