Insurance Agents Hit by 18% Fee Cut as Insurers Offset Loss of GST Input Tax Credit Commission Reduction Tied to GST Exemption Following the complete removal of 18% GST on premiums for retail life, health, and accident insurance policies, several leading private insurers have slashed their agent/distributor commissions by the same percentage (18%). This is… Read More »
The legal presumption of service doesn’t apply to tax notices sent by Speed Post. Issue Does the legal presumption of “service by post” apply to a notice sent via Speed Post in the same way it does for Registered Post? And can a reassessment be legally valid without actual proof of personal delivery of a… Read More »
The GST Waiver Effect: Insurance Enquiries Skyrocket by 61% Massive Surge in Consumer Interest The Central government’s decision to waive the 18% GST on premiums for individual life and health insurance policies, effective September 22, 2025, has led to an immediate and “enthusiastic response” from consumers. Data from Policybazaar, a major online insurance platform, shows… Read More »
GST Officials Uncover ₹80 Crore Fraud Racket in Jamnagar, Chartered Accountant Implicated Multi-City Coordinated Raids The State GST Department conducted simultaneous raids at over 22 locations, including the business and residential premises of approximately 20 different firms in Jamnagar. Officials from Ahmedabad, Rajkot, Bhavnagar, and Jamnagar were involved in the intelligence-based operation. Scale of… Read More »
CBIC Greenlights 90% Provisional GST Refunds for Inverted Duty Structure Claims Immediate Working Capital Relief The Central Board of Indirect Taxes and Customs (CBIC) has directed its field formations to provisionally sanction 90% of the refund amount for claims related to the Inverted Duty Structure (IDS). This directive applies to all refund applications filed… Read More »
Kerala’s GST Fraud Crackdown Fails to Launch: 14 Arrests, Zero Convictions Prosecution Gridlock and Ineffective Arrests The state’s highly-publicized anti-GST fraud campaign has stalled, with not a single chargesheet filed despite 14 arrests made in high-value tax evasion cases (each involving over ₹5 crore) since 2021. All suspects arrested under Section 69 of the GST… Read More »