During a meeting of the Group of Ministers (GoM) addressing GST on health and life insurance premiums, it was decided that GST would be waived for premiums paid by individuals (excluding senior citizens) for health insurance with coverage of up to ₹5 lakh. However, an 18% GST will remain applicable for health insurance policies exceeding ₹5 lakh. In a separate meeting on GST rate rationalisation, the GoM recommended that the GST Council review tax rates on various goods, including packaged drinking water, bicycles, exercise notebooks, luxury wristwatches, and shoes.
Denne historien er fra October 20, 2024-utgaven av The Free Press Journal.
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Denne historien er fra October 20, 2024-utgaven av The Free Press Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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