GST reform push: Slash 18% on insurance agents’ commission to zero

Sep 5, 2025 - 10:00
GST reform push: Slash 18% on insurance agents’ commission to zero

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The Life Insurance Council urges the GST Council and finance ministry to eliminate the 18% GST on agents' commissions, following the reduction of GST on premiums and reinsurance to zero. Maintaining the current GST on commissions would deprive life insurers of significant input tax credit, impacting their profitability.

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