‘Urgently review…’: Derek O’Brien urges Nirmala Sitharaman to revoke 18% GST on health and life insurance premium

‘Urgently review…’: Derek O’Brien urges Nirmala Sitharaman to revoke 18% GST on health and life insurance premium

TMC leader Derek O’Brien has urged Finance Minister Nirmala Sitharaman to “urgently review” and withdraw the 18 percent GST on health and life insurance premiums during the upcoming GST Council meeting.   “The 18 per cent Goods and Services Tax (GST) on health and life insurance premiums is a burden on 45 crore Indians comprising … Read more

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

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