GST exemption hurting insurance brokers! Private insurance companies reduce commissions - to offset loss of input tax credit
Insurance agents and distributors face reduced commissions following the removal of GST on insurance policies. Insurance companies are cutting agent payouts by 15-18% to cover increased operating costs due to the loss of input tax credit. This move impacts the earnings of intermediaries.
Insurance agents and distributors face reduced commissions following the removal of GST on insurance policies. Insurance companies are cutting agent payouts by 15-18% to cover increased operating costs due to the loss of input tax credit. This move impacts the earnings of intermediaries. What's Your Reaction?
