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Insurers to charge 18% GST on agents’ commission, Input Tax Credit issue

Insurers to charge 18% GST on agents’ commission, Input Tax Credit issue

by Team Small News | Jan 28, 2026 | Aditya Birla, Care, ICICI Lombard, Insurance, Star Health and Allied Insurance

The Indian government’s decision to reduce the Goods and Services Tax (GST) on health insurance premiums from 18% to 0% has had an unintended consequence on the insurance industry. Insurers are now imposing an 18% GST on commissions paid to agents and...

Bombay High Court’s stay brings GST relief to over a dozen insurers

by Team Small News | Jan 25, 2026 | Aditya Birla, ICICI Lombard, Insurance

The Bombay High Court has granted a temporary stay on a substantial demand and associated penalties by the Goods and Services Tax (GST) authorities, providing relief to over a dozen insurance companies. The insurance companies, including Aditya Birla Health Insurance,...
Bombay High Court stays GST demands on co-insurance premiums.

Bombay High Court stays GST demands on co-insurance premiums.

by Team Small News | Jan 25, 2026 | Aditya Birla, ICICI Lombard, Insurance, Tata AIA

The Bombay High Court has provided temporary relief to several insurance companies, including ICICI Lombard General Insurance, Aditya Birla Health Insurance, and Tata AIG General Insurance, by staying Goods and Services Tax (GST) demands on co-insurance premium and...
Insurers to charge 18% GST on agents’ commission, Input Tax Credit issue

Health insurers fuel non-life premium growth due to GST benefits.

by Team Small News | Jan 11, 2026 | HDFC ERGO, ICICI Lombard, Insurance, Star Health and Allied Insurance

The non-life insurance industry in India experienced a significant boost in December, with a 14% year-on-year increase in gross direct premium collections, reaching ₹28,446.82 crore. This growth is the second-strongest monthly expansion in the industry, following a...

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