ITC relief for cos on staff cars, insurance likely
Synopsis Companies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The GST Council's
Synopsis Companies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The GST Council's law committee proposed these changes last week. These proposals aim to ease business operations and reduce costs. The GST Council will consider these reforms in an upcoming meeting.
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