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GoM discusses Centre’s proposal to exempt health, life insurance for individuals from GST; Most members want tax to be nil

Ministers from various states converged in the capital Wednesday to discuss the Centre’s proposal to overhaul GST structure.

Explainer-India's complex GST tax and how Modi's reform will make goods cheaper

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...

GST 2.0 structure: GoM on GST rate rationalisation to meet on Thursday

Bihar Deputy Chief Minister Samrat Chaudhary on Wednesday said that the Group of Ministers (GoM) on GST is considering a ...

Nil GST on insurance premiums: Zero rate may not make policies cheaper for individuals, say experts

Currently, health and life insurance premiums attract 18% GST. For instance, a life insurance policy with a Rs 100 premium ...

States favour Centre's proposal to exempt GST on individual life, health insurance policies

GoMs discuss Centre's 'next-gen' GST reforms, including 5% and 18% rates, with special 40% rate on select items.
ABP News on MSN51m

Insurance Players SBI Life, LIC Rally Ahead In Markets After GoM Suggests 18% GST Waiver On Premiums

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would ...

GST reforms push: States back Centre’s plan to exempt life and health insurance premiums, GST council to take final call

The Centre has proposed exempting individual life and health insurance policies from GST, according to Bihar Deputy CM Samrat ...

New GST rates list 2025: ACs, cars, insurance and even mobile bills may get cheaper

What are the new GST rates 2025 being discussed, and how may they impact you?The government is pushing Next-Gen GST, a ...
The Financial Express5h

Full GST waiver could push up costs: Insurers

India’s life and health insurers say a full GST exemption on premiums would force them to pass the 18% tax on various input ...

Insurers welcome GST exemption on health, life premiums; push for fix in inverted duty structure

Government may abolish 18% GST on health and life insurance premiums, making policies more affordable for middle class and ...
NDTV Profit on MSN1h

SBI Life, HDFC Life, Other Insurance Shares Edge Higher As GoM Proposes GST Exemption On Premiums

General Insurance Corporation gained nearly 3% to trade at Rs 398 apiece. Meanwhile, Life Insurance Corporation Of India gained nearly 2% to trade at Rs 917 apiece. The third biggest gainer was SBI ...

GoM discusses Centre’s proposal to scrap GST levy on health, life insurance for individuals; Most members want tax to be nil

Ministers from various states converged in the capital Wednesday to discuss the Centre’s proposal to overhaul the GST ...