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

Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, ...

New advisory by GSTN: GST E-Way Bill rules changed; Buyers’ input tax credit is at risk if seller does not follow these new rules

The Goods and Services Tax Network (GSTN) has announced the implementation of three important changes to the GST portal, ...