Hosted on MSN

GST impact on insurance: Life, term, ULIP, endowment and health | GST Council Meeting Outcome

GST On Life Insurance, Health Insurance: The GST Council on Wednesday (September 3) approved a two-tier rate structure of 5 and 18 per cent. The new rates for all products, except gutkha, tobacco and ...
Hosted on MSN

No GST On Individual Life, Health Insurance Policies? What Nirmala Sitharaman Said

In a major relief for policyholders, the GST Council on Wednesday, September 3, decided to exempt individual life and health insurance policies from the 18% tax. The GST Council approved a two-tier ...