Browsing: GST

The Goods and Services Tax (GST) Council is considering a reduced GST rate on health and life insurance premiums, potentially set at 5%.

Explore the tax advantages of life insurance in India, including deductions, exemptions, and GST implications, to optimize your financial planning.

The insurance industry is lobbying for a 12% GST rate on health and life insurance, arguing it strikes a balance. The government is considering full exemption.

Life Insurance Corporation (LIC) shares experienced a decline after receiving a GST demand order from Delhi State. The article provides details on the financial impact and LIC’s response.