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Searched Tag: insurance amendment bill
Some of these clarifications pertain to insurance companies since the GST Council exempted premium on individual health and life insurance policies from GST in its September 3 meeting. Previously, these came under the 18 per cent tax slab

Insurance companies can’t claim ITC on certain inputs: CBIC

September 16, 2025, 07:13 PM - 4 min read

Issuing a set of FAQs to provide clarification on the tax rationalisation of the GST, the Central Board of Indirect Taxes and Customs (CBIC) said insurance companies can no longer avail ITC on commissions and brokerages for individual health and life insurance policies

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So far, the insurance sector has attracted ₹82,000 crore through foreign direct investment (FDI).

‘Liberalisation’ of the Insurance Amendment Bill on the cards: FM

September 14, 2025, 02:05 PM - 3 min read

The Union Finance Minister, Nirmala Sitharaman, has said the Insurance Amendment Bill will most likely come up for discussion in the Parliament’s upcoming winter session, in which she will push for 100 pc FDI in the insurance sector

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100 pc FDI in insurance: Bill unlikely at winter session

100 pc FDI in insurance: Bill unlikely at winter session

December 8, 2024, 04:35 PM - 4 min read

Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session.

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