Economy

Employers may soon be able to claim ITC on GST paid for employee insurance cover

· 4 October 2026 · 2 min read
Employers may soon be able to claim ITC on GST paid for employee insurance cover

The Economic Times has reported a new India-focused economy development: “Employers may soon be able to claim ITC on GST paid for employee insurance cover.” The publisher's feed describes the story as follows: The GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cannot claim input tax credit on insurance policies purchased for their employees. An 18 percent GST is imposed on these group insurance policies, impacti

Original reporting by The Economic TimesRead the full story

Intellectual Janata displays only original summaries of externally sourced news and links readers to the original publisher.

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