Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

The GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to ...

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 ...

Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

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 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.

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India. While this could lower costs for policyholders, insurers' loss of input ...

The group of ministers on GST reform is set to recommend a complete exemption of goods and services tax on health and life ...

Government may abolish 18% GST on health and life insurance premiums, making policies more affordable for middle class and ...

States reportedly made it clear that the benefits of GST reduction should go to insurance policyholders and not companies.

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.