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Policyholders are unlikely to get full benefit from GST exemption; premiums likely to rise with no ITC benefit

Starting September 22, 2025, premiums for individual health and life insurance policies are exempt from GST, meaning policyholders won’t need to pay any GST on these premiums, except for group ...
Tax Guru

Madras HC Dismissed GST Writ as Assessee Failed to Opt for Reduced Penalty

The Court examined a challenge to an assessment order involving ITC reversal and interest liability. It held that failure to exercise statutory options for reduced penalty justified dismissal of the ...