IndiaInsurance
3rd September 2024, 01:00 PM
The upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decision, if implemented, would provide much-needed relief to insurance customers who have been burdened by the additional tax. The 18% GST levied on life and health insurance premiums has been a contentious issue for several years, with various stakeholders calling for its removal.
More... (https://economictimes.indiatimes.com/wealth/insure/life-insurance/relief-for-policyholders-will-18-gst-on-term-life-insurance-premium-be-removed-in-the-gst-meeting-on-september-9-2024/articleshow/113014505.cms)
More... (https://economictimes.indiatimes.com/wealth/insure/life-insurance/relief-for-policyholders-will-18-gst-on-term-life-insurance-premium-be-removed-in-the-gst-meeting-on-september-9-2024/articleshow/113014505.cms)