Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, ...

Several indirect taxes, such as VAT, service tax, and excise duty, were used to collect taxes in India. Different taxes are applied at different stages. It was often complicated for many to understand ...

Gurugram: A tax dispute has emerged for Canara HSBC Life Insurance, with authorities raising significant GST claims, though the company is preparing to challenge the order. The company received an ...