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
Automated and Pre-Filled Returns: Simplifying GST Compliance for Taxpayers Introduction Filing tax returns has always been a time-consuming and complex task for businesses and individuals. However, with the introduction of automated and pre-filled GST returns, the process has become faster, more accurate, and highly efficient.The new system aims to reduce manual errors, improve transparency, and … Read more
Reduced Taxes on Essentials: How Lower GST Rates Are Making Everyday Life Easier Introduction The Goods and Services Tax (GST) reform has significantly changed India’s taxation landscape. One of the biggest benefits for consumers is the reduction in taxes on essential goods and services. From soaps and packaged snacks to medical devices and insurance premiums, … Read more