Input Tax Credit issue: Insurers to charge 18% GST on agents’ commission

Insurers face higher operating costs, and distributors face lower earnings, highlighting the unintended consequences of a ...
Tax Guru

GST Compliance for Retailers After Changes In GST Rates From 22-09-2025

Clarifications for retailers on new GST rates from Sept 22, 2025: applying revised rates to stock, ITC reversal for exempt supplies, and use of accumulated ...

Experts flag input tax credit blockage for FMCG distributors despite GST relief

GST circular 251 clarifies input tax credit rules, but distributors face cash flow issues due to excess ITC balances.

Policyholders are unlikely to get full benefit from GST exemption; premiums likely to rise with no ITC benefit

Starting September 22, 2025, individual health and life insurance premiums are GST-exempt, but insurers have lost their ITC ...

GST 2.0: Re-labelling of drugs, medical devices not mandatory for stocks issued before Sept 22

For other services such as beauty and physical well-being services, the Ministry said the GST rate of 5 per cent without ITC is mandatory. “Service providers do not have the option to charge 18 per ...
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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 2.0: Ecomm sellers, brands face working capital strain

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, ...