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.

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

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

A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...

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

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

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

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

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

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

The GST Group of Ministers (GoM) has today proposed to completely exempt premiums paid towards health and life insurance policies from the GST levy, ET reported. While this may seem like a great move ...

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