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 GST/HST Notice 339, published on October 25, 2024, provides that as of the first day of the fiscal year that begins on or after January 1, 2025, dentists will no longer be able to claim GST/HST ...
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Profit Explains: Why GST Cuts On Insurance Without Input Tax Credit Will Not Bring Down Premiums
Prime Minister Narendra Modi had announced a two-slab GST structure that could help rev up consumption and streamline indirect taxation, in a move that could be the most significant overhaul of the ...
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Ajit Ranade: India’s budget should sort out GST’s input tax credit system to perk up private investment
The recent GST reset of slabs and rates was welcome, but not enough. Removing anomalies in GST’s input tax credit system could fire up private investment. Confusion over capital goods taxation soaks ...
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