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

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

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.

Insurance premiums, currently subject to an 18% goods and services tax, may soon be exempted from it. The group of ministers ...

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.

The group of ministers on GST reform is set to recommend a complete exemption of goods and services tax on health and life ...

Government may abolish 18% GST on health and life insurance premiums, making policies more affordable for middle class and ...

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

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

The Group of Ministers (GoMs), constituted by the GST Council on Compensation Cess, Health and Life Insurance (for individuals), and Rate Rationalisation, has proposed a complete exemption on health ...

The Centre has proposed exempting life and health insurance premiums from the current 18% GST. A Group of Ministers will ...