To help businesses, professionals, and consumers navigate this transition, here’s a complete FAQ on the revised GST rates, with clear answers on exemptions, ITC treatment, invoicing, and compliance ...

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

Meanwhile, insurance companies have found a way to offset their ITC losses. They are now reducing brokerage and commission ...

How to check the GST rates for various items using the revised GST table published by the Central Board of Indirect Taxes.

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

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

The Invoice Management System (IMS) ends automatic ITC population in GSTR-3B from Oct 2025. Taxpayers must Accept, Reject, or Pend B2B invoices via the GST ...

Industry estimates suggest health insurance premiums may rise by 3–5% and life insurance by 0.5–1.5% due to the ITC loss.

The Indian government has exempted individual life and health insurance premiums from the 18% Goods and Services Tax (GST).

Following the GST Council's decision to exempt individual health and life insurance policies, insurers are adjusting to the ...

The government decision to exempt GST on individual life insurance premiums is a welcome relief for customers. While the ...