The GST Group of Ministers has proposed exempting health and life insurance premiums from GST, a move intended to make ...

Will zero GST on life and health insurance truly make premiums cheaper or will input credit losses and policy design dilute ...

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

After the PM's speech, the government later came out with details about the upcoming next-generation GST reform which is aimed at lowering tax rates for most daily use essential items, home appliances ...

A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

The Group of Ministers (GoM) on insurance is in favour of scrapping GST on premium paid for buying individual health and life ...

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

GST GoM Convenor and Bihar Deputy CM Samrat Choudhary on Wednesday announced that the GoM has decided to back the Centre’s ...

The Centre has suggested exempting individual life and health insurance policies from GST, currently set at 18%. Bihar Deputy ...

The Centre has proposed exempting life and health insurance premiums from GST, aiming to alleviate financial burdens.

Centre considers exempting life and health insurance from GST, with states pushing for mechanism to pass benefits to consumers.

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would make coverage more affordable and boost penetration in India’s market.