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New GSTN feature to correct mistakes in GST invoice matching process for claiming input tax credit; Know how it works

The Goods and Services Tax Network has introduced the Invoice Management System (IMS) on the GST portal, effective October 1, 2024. This new feature is designed to assist GST-registered taxpayers in ...

Brokers seeking a zero-rated GST for insurance to reclaim input tax credit

Insurance brokers are rallying for a 'zero-rate' GST structure to counter the recent loss of input tax credits for the ...
Tax Guru

Credit Notes under GST: The Hidden Deadline Every Business Must Know

Learn why November 30, 2025, is the most crucial date under India’s GST regime. Missing this final lock-in can lead to permanent ITC loss and compliance penalties. Learn why November 30, 2025, is the ...
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Profit Explains: Why GST Cuts On Insurance Without Input Tax Credit Will Not Bring Down Premiums

Prime Minister Narendra Modi had announced a two-slab GST structure that could help rev up consumption and streamline indirect taxation, in a move that could be the most significant overhaul of the ...

LIC hopes it can off-set GST hit by managing expenses, selling more policies

While some private insurers are reconsidering commission payouts to offset the loss of input tax credit, LIC said it will pass the full benefit to customers through premiums and will not shift any GST ...