GST 2.0 Impact: Insurers Slash Agent Commissions as ITC Withdrawal Raises Costs

Last updated: 08 November 2025

Insurance agents across the country have raised concerns over a sharp reduction in their commissions following the rollout of the GST 2.0 framework, which made individual life and health insurance policies exempt from GST. In a representation to the Finance Ministry and theGST Council, several insu

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