The Indian insurance sector plays a crucial role in providing financial protection and promoting savings among individuals and businesses. However, insurance brokers — who act as key intermediaries between insurance companies and policyholders — have long been burdened by the inability to claim Input Tax Credit (ITC) under the current Goods and Services Tax (GST) … Read more
India’s Goods and Services Tax (GST) collections for October 2025 have once again crossed the ₹2 lakh crore mark, registering a 4.6% year-on-year increase to reach ₹2.11 lakh crore. What makes this growth noteworthy is that it comes despite multiple tax cuts and rationalizations implemented by the GST Council in recent months to support consumers … Read more
GST levy on tobacco The Indian government has clarified that there will be no additional Goods and Services Tax (GST) levy on tobacco products, ensuring that the overall tax incidence remains unchanged. Instead, an additional central tax may be imposed to maintain the current level of taxation on tobacco. This decision comes after concerns were … Read more