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

GST on health and life insurance premiums may come down, issue sent to rate rationalisation panel: Report

GST on health and life insurance premiums may come down, issue sent to rate rationalisation panel: Report

GST rates: The Goods and Services Tax on health and life insurance premiums has been making headlines for quite some time. According to a report by CNBC-Awaaz on August 8, sources familiar with the matter have suggested that a reduction in the GST rate on the premium paid for health and life insurance might be … Read more