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, ...

Delhi GST allows taxpayers to correct past ITC denials caused solely by Section 16(4) time limits, applying Section 16(5)/(6) ...

Mumbai: After the insurance industry lost input tax credit benefits from the recent goods and services tax (GST) exemption, the sector's intermediaries are drumming up support for a ‘zero-rate’ tax ...

Two months after the government reduced GST on solar modules from 12 percent to 5 percent, developers say the relief has been minimal, because, in practice, the lower rate has limited their ability to ...