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GST Council may lower tax rate on insurance premium
The New Indian Express Coimbatore|December 19, 2024
THE 55th GST Council meeting in Jaisalmer is likely to take a decision on tax rate on insurance premium, as per finance ministry sources.
- DIPAK MONDAL @ New Delhi

The GoM constituted on the issue had recommended complete waiver of GST on insurance for health insurance policies that provide a cover up to ₹5 lakh against the current rate of 18%. On all other policies, premium paid would continue to be taxed at 18%.

The Group of Ministers (GoM) constituted under Bihar deputy chief minister Samrat Choudhary has recommended complete waiver of GST on health insurance premium for senior citizens.

Denne historien er fra December 19, 2024-utgaven av The New Indian Express Coimbatore.

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GST Council may lower tax rate on insurance premium
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Denne historien er fra December 19, 2024-utgaven av The New Indian Express Coimbatore.

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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The New Indian Express Coimbatore

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