GST Council to Address ITC Issue for Life Insurers, Easing LIC's Rs 290 Crore Demand

Last updated: 11 October 2023

In a recent development, the GST Council is gearing up to provide much-needed clarity on the input tax credit for life insurers, particularly in the context of a substantial demand of Rs 290 crore made on the Life Insurance Corporation (LIC). This forthcoming move is expected to bring relief to the
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