GST on insurance

GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? IRDAI has an update for you

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GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? IRDAI has an update for you

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

Do you know how GST is applied to your health and life insurance policies?

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Do you know how GST is applied to your health and life insurance policies?

The Goods and Services Tax (GST), introduced in India in 2017, revolutionised the tax structure by merging multiple indirect taxes into a single tax regime. The new tax rate was levied on the vast range of goods and services but what has caught attention lately is the imposition of GST on life and health insurance … Read more