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

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.

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

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

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

Tax experts believe the exemption could improve affordability but caution that expectations of a full 18% premium cut are ...

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

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 ...

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

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

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

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