TAG: GST exemption
GST Council likely to exempt term life insurance from tax, no change in investment-linked plans
The GST Council is expected to exempt term life insurance policies from the goods and services tax (GST) while continuing to tax insurance policies with an investment component, a decision that could boost demand for pure protection policies.The decision...
1 month ago
GST relief on health insurance may lead to Rs 3,500 crore revenue loss, says govt official
In the upcoming Goods and Services Tax (GST) Council meeting on September 9, a significant proposal is under consideration that could have wide-reaching implications for the insurance sector and the government exchequer. The potential exemption of health...
1 month ago