{
  "id": 11941924,
  "title": "Employers may soon be able to claim ITC on GST paid for employee insurance cover",
  "url": "https://urgent.news/2026/10/04/employers-may-soon-be-able-to-claim-itc-on-gst-paid-for-employee",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T14:14:24.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/employers-may-soon-be-able-to-claim-itc-on-gst-paid-for-employee-insurance-cover/articleshow/134676344.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "The GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cannot claim input tax credit on insurance policies purchased for their employees. An 18 percent GST is imposed on these group insurance policies, impacting business expenses.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}