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

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India.

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 GST Group of Ministers (GoM) has today proposed to completely exempt premiums paid towards health and life insurance policies from the GST levy, ET reported. While this may seem like a great move ...

Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

The Group of Ministers (GoM) on GST rate rationalisation on Thursday accepted the Centre’s proposal to restructure the indirect tax system by reducing the number of slabs to two ie 5 percent and 18 ...

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

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 panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...

The GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to ...

GST exemption for insurance for individuals is expected to result in an annual revenue loss of around Rs 9,700 crore, he ...

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