Head of GoM & Bihar Finance Minister Samrat Choudhary makes a big statement over GST exemption on Health & Life Insurance ...

A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the ...

The Centre’s proposal, once approved by the GoM, will be placed before the GST Council during its next meeting, scheduled in September, which will be attended by ministers from Centre and all states.

Finance Minister Nirmala Sitharaman on Wednesday said the next-generation GST reforms is a step towards making India Aatmanirbhar and the central government looks at building consensus with states in ...

Ministers from various states converged in the capital Wednesday to discuss the Centre’s proposal to overhaul the GST ...

GoMs discuss Centre's 'next-gen' GST reforms, including 5% and 18% rates, with special 40% rate on select items.

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would ...

The GST Council plays a major role in creating a harmonised tax structure and fostering a unified national market by ...

Currently, health and life insurance premiums attract 18% GST. For instance, a life insurance policy with a Rs 100 premium ...

Bihar Deputy Chief Minister Samrat Chaudhary on Wednesday said that the Group of Ministers (GoM) on GST is considering a ...

India’s life and health insurers say a full GST exemption on premiums would force them to pass the 18% tax on various input ...