GST reforms 2026: Employers get ITC on employee health, life insurance premiums
The GST Council has recommended allowing employers to claim input tax credit on GST paid for health and life insurance policies taken for employees. The move could reduce the effective cost of employer-sponsored coverage, particularly benefiting small businesses, while making group health insurance more affordable and improving employee benefits.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
