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Insuring Compliance: Decoding GST on Insurance and Agent Services in India
The Goods and Services Tax (GST) regime, since its inception in 2017, has significantly transformed India's indirect tax landscape. While aiming for simplification and transparency, its application across diverse sectors often presents complexities. The insurance sector, a cornerstone of financial stability and risk management, is no exception. Understanding the nuances of GST............. Read More
Impact of GST on Insurance Services
As we know that GST is applicable on supply of goods or supply of services. Accordingly, GST is also applicable on insurance services supplied by the insurance companies. The insurance companies provide various types of insurance services like health insurance, life insurance, building insurance, stock insurance etc. In this article we are going to discuss in detail about the GST implications on services provided by the insurance companies............. Read More