The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would make coverage more affordable and boost penetration in India’s market.

There is a fine line between political populism and fiscal prudence, if not in tax collections, then in the idea of taxation itself ...

The GoM of state finance ministers has endorsed the Centre's proposal for a two-tier GST structure, recommending it to the ...

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

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 ...

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

From an industry perspective, GST calibrated down to 5% may be preferred rather than a complete waiver, said Gurpal Singh ...

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 Indian government plans to exempt GST on individual life and health insurance policies, reducing it from the current 18 ...

Telangana Deputy CM Mallu Bhatti Vikramarka also confirmed that the GoM proposed a complete exemption on health and life ...

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

A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...