Insurance Industry Advocates GST Rate Reduction on Premiums with ITC Retention

Last updated: 10 January 2025

The insurance industry has submitted its recommendations for potential changes to GST rates to the Insurance Regulatory and Development Authority of India (IRDAI). These inputs will be forwarded to the GST Council for consideration. Insurers are lobbying for a reduction in the current 18% GST on ins

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Category GST   Report

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