https://www.taxtmi.com/article/detailed?id=15068 Blocking Input Tax Credit for nil rated or exempt healthcare products and insurance under GST 2.0 breaks the seamless credit chain, converting input taxes into embedded costs and reintroducing tax on tax. This change creates ITC apportionment and reversal obligations, classification and valuation disputes, refund denials, anti profiteering investigations, and contract disputes, increasing compliance burdens, litigation risk and business distortions while undermining GST neutrality and competitiveness. en-us Thu, 11 Sep 2025 10:47:55 +0530 Thu, 11 Sep 2025 10:47:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15068 Blocking Input Tax Credit for nil rated or exempt healthcare products and insurance under GST 2.0 breaks the seamless credit chain, converting input taxes into embedded costs and reintroducing tax on tax. This change creates ITC apportionment and reversal obligations, classification and valuation disputes, refund denials, anti profiteering investigations, and contract disputes, increasing compliance burdens, litigation risk and business distortions while undermining GST neutrality and competitiveness. Articles Goods and Services Tax - GST Thu, 11 Sep 2025 10:47:55 +0530 https://www.taxtmi.com/article/detailed?id=15068