Council may cut GST on health insurance to 5%
The New Indian Express|September 07, 2024
THE Goods and Services Tax (GST) Council is set to discuss crucial matters that could reshape tax implications for mediclaim policies during its meet on September 9.
MONIKA YADAV
Council may cut GST on health insurance to 5%

The meeting will focus on proposals aimed at rationalising the current GST structure, which currently imposes an 18% tax on mediclaim premiums, which many stakeholders argue is unsustainable for consumers and insurers alike. As per sources, among the proposals under consideration are options to allow mediclaim companies to charge a reduced GST rate of 5% without the benefit of input tax credit (ITC) or to implement a uniform 5% rate specifically for business-to-consumer (B2C) supplies.

هذه القصة مأخوذة من طبعة September 07, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 07, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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