India  
 
NewsR.in

GST reform push: Slash 18% on insurance agents’ commission to zero

IndiaTimes Friday, 5 September 2025 ()
The Life Insurance Council urges the GST Council and finance ministry to eliminate the 18% GST on agents' commissions, following the reduction of GST on premiums and reinsurance to zero. Maintaining the current GST on commissions would deprive life insurers of significant input tax credit, impacting their profitability.
0
shares		ShareTweetSavePostSend
 
Video Credit: Oneindia - Published
News video: FM Nirmala Sitharaman Announces Major GST Overhaul: What Changes for You on September 22

FM Nirmala Sitharaman Announces Major GST Overhaul: What Changes for You on September 22 18:22

 India is set for a major GST overhaul starting September 22, as Finance Minister Nirmala Sitharaman announced a new two-tier GST rate structure of 5% and 18%. From soaps to small cars, several common-use items will see revised prices. Sitharaman said the move is part of a broader “structural...

You Might Like