Since the implementation of the goods and services tax (GST) in July 2017, businesses with multi-state GST registrations have faced confusion regarding the process for distributing common input tax ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...

Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, ...

The Goods and Services Tax (GST) exemption on life insurance premiums has driven a 21% year-on-year increase in private life insurers’ sales in October–November 2025, even as profitability faces ...

On Form 1040, after the amount of tax owed is computed, the taxpayer is entitled to subtract certain payments and credits from the tax to arrive at the amount of tax that is actually payable. A ...