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Economy News

The Economic Times

Economy / The Economic Times

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Input tax credit relief for companies on staff cars, insurance likely

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.

15 Jul 2026 1:04 am