The Goods and Services Tax (GST) Council has brought good news for all insurance consumers. GST rates for insurance have been reduced from 18% to nil, bringing relief to policyholders. This has led some consumers to consider delaying premium payments. If you are planning to delay payment of your premium after September 22 to get … Read more
A panel of state ministers is expected to meet on September 24 and 25 in Goa to review potential changes to Goods and Services Tax (GST) rates, focusing on 70 to 100 items. The Group of Ministers (GoM) will assess feedback received during the 54th GST Council meeting held earlier in September. The panel is … Read more
The 54th GST Council meeting could bring in possible relief to individuals and senior citizens, with a likely reduction in GST on health insurance premiums. An ANI report quoting sources suggests the council is set to discuss lowering the current 18% GST rate on these premiums, a move that could ease financial pressures on those … Read more