Budget 2026 could reshape insurance taxation as industry seeks wider deductions, parity

With Budget 2026 nearing, insurers seek higher tax deductions, extension of benefits to the new tax regime, and GST input tax ...
Tax Guru

Units Sold After Occupancy Certificate cannot be included in GST Profiteering Probe

A slight increase in post-GST ITC was held to amount to profiteering when not passed on. The tribunal directed refund of the ...

Insurance industry pitches for tax sops in Budget 2026, deductions under new tax regime, ITC anomaly fix

Key demands include hike in tax deductions, extending tax benefits to new tax regime for both health and life insurance plans ...
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GST exemption on insurance: Why Input Tax Credit loss worries insurers and what it means for your policy cost

The government’s decision to exempt health and life insurance premiums from the 18 per cent Goods and Services Tax (GST), effective September 22, 2025, has been welcomed as a big step toward ...
Tax Guru

No Profiteering as Post-GST ITC Ratio Fell Below Pre-GST Level: GSTAT

The Tribunal held that no profiteering arose where the ITC-to-cost ratio declined after GST. The key takeaway is that absence ...