GST Council to discuss input tax credit relief for employers offering group health, life insurance policies

The GST Council is likely to consider providing relief to employers offering group health and life insurance policies to employees at its September 12 meeting, including changes to the current restrictions on input tax credit (ITC), sources said. The Council may allow employers to claim ITC on the goods and services tax (GST) paid on such policies, a benefit currently restricted under GST law, the…