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

4 New GST Changes: Discounts, TDS, Appeals and Deadlines

Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT ...

No GST on insurance a loss for policyholders? What the math shows

Policyholders will pay no GST on health and life premiums from September 22, but insurers lose the ability to claim tax ...

GST 2.0 is here! What the new tax reforms mean for you - 10 things to know

Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting ...

Next GST Council may fix notebook paper tax mismatch to lower cost of study material

Senior government source said anomaly of tax-free notebooks and 18 percent levy on paper inputs will be corrected in next GST ...

GST 2.0: Health insurance firms may raise policy tariffs by 3-5% to compensate for input tax credit losses amid tax cuts

Health insurance firms may raise policy tariffs by 3-5% to offset their losses incurred from the input tax credit. Here's what industry experts think of this potential move, and how risky it is for ...

GST rate changes: Why was this done, who is impacted how, explained in 5 points

Will the new GST rules really make your Diwali brighter? What will be the impact of the govt's revenue loss? Also, what exactly is GST? We answer all your questions, starting from the simplest.