Relief for policyholders: Will 18% GST on term life insurance premium be removed in the GST meeting on September 9, 2024?

The upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decision, if implemented, would provide much-needed relief to insurance customers who have been burdened by the additional tax. The 18% GST levied on life and health insurance premiums has been a contentious issue for several years, with various stakeholders calling for its removal.

from Top Health News | Latest Healthcare Sector & Healthcare Industry news, Information and Updates: ET HealthWorld : ETHealthworld.com https://ift.tt/zMmhGQ9
via gqrds