Goods and services tax (GST) on premiums paid for health and life insurance became a hot-button political issue in 2024, ...

"ITC on group health and life insurance policies may be taken up for discussion. But there is no proposal to exempt these ...

The government anticipates that the revenue loss will be temporary and can be offset by increased consumer spending. Earlier ...

GST reduction is expected to enhance affordability and boost life and health insurance sales, especially among ...

The government's GST 2.0 reforms aim to simplify India's tax structure and reduce costs for consumers. A proposal has been ...

AIOCD appeals for reduced GST on all medicines to make essential drugs more affordable for patients nationwide.

The 56th meeting of the GST Council, slated for September 3-4, will decide on the GoM’s proposal to retain two slabs ...

In short, removing GST will likely make life insurance cheaper, especially for pure protection policies; however, customers ...

The government is considering exempting life and health insurance premiums from the 18% GST, a move aimed at making insurance ...

Currently, India follows a four-slab GST system — 5 per cent, 12 per cent, 18 per cent and 28 per cent — along with an additional cess on sin and luxury goods.

Exempting life and health insurance from the 18% Goods and Services Tax (GST) could lower premiums for customers, but ...

The meeting chaired by FM Nirmala Sitharaman will review GoM proposals, including reducing GST rates to 5% and 18%, with 40% ...