Report
GST Council recommends credits for employers on GST paid for employee health and life insurance
The Economic Times reports the proposal could lower employer-sponsored coverage costs, particularly for small businesses.
TLDR
The Economic Times reports that the GST Council recommended amending Section 17(5) of India’s CGST Act to let employers claim input tax credit on GST paid for employee health and life insurance. Insurance industry experts said the change could make group health coverage more affordable, particularly for small businesses.
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