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.

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.

The GST Group of Ministers has proposed exempting health and life insurance premiums from GST, a move intended to make ...

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

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

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

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

After the PM's speech, the government later came out with details about the upcoming next-generation GST reform which is aimed at lowering tax rates for most daily use essential items, home appliances ...

The Centre has suggested exempting individual life and health insurance policies from GST, currently set at 18%. Bihar Deputy ...

The Centre has proposed exempting life and health insurance premiums from the current 18% GST. A Group of Ministers will ...

The lack of clarity on the treatment of inverted duty structure with GST exemption on health and life insurance (for individuals) has worried the insurance industry.