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
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