55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
NDTV
The GST exemption/reduction on life and health insurance premiums is a long-pending demand of the industry, as the move would alleviate the tax burden on both insurers and policyholders.
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
The GST exemption/reduction on life and health insurance premiums is a long-pending demand of the industry, as the move would alleviate the tax burden on both insurers and policyholders.
According to people in the know, the GST Council in its 55th meeting in Jaisalmer, chaired by Union Finance Minister Nirmala Sitharaman, has deferred the decision on potential tax changes for insurance premiums.
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