Tag: health insurance
GST Council meet outcomes: GST rate cut on fortified rice kernels to 5%; no consensus on ATF and more
The 55th goods and services tax council meeting headed by Finance Minister Nirmala Sitharaman on Saturday announced exemption for payment aggregators who do less than…
Cost of health, life insurance to come down if GST Council decides to reduce taxes on premium: FM
Finance Minister Nirmala Sitharaman on Monday said the cost of insurance to the policy holder is expected to come down if the GST Council recommends…
Life insurance GST: GST reduction will make insurance little affordable for customers, says Department of Finance Joint Secy
Goods and services Tax (GST) reduction will make insurance a little affordable for customers, said the Department of Finance Joint Secretary, as per an ET…
Health, life insurance premiums need a tax cut? GoM to meet on October 19
The ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will have its first meeting on October…
GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30
New Delhi: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life…
GST Council Meeting Key Takeaways: From medical insurance premium to rate rationalisation, here’s what Sitharaman & Co decided
The 54th meeting of the Goods and Services Tax (GST) Council, chaired by union Finance Minister Nirmala Sitharaman, concluded at the Sushma Swaraj Bhawan, New…
GST Council decides to form new GoM for health insurance premium
The much-anticipated announcement regarding a potential reduction in the Goods and Services Tax (GST) on health insurance premiums has been postponed to November meeting. In…
health insurance GST: GST council likely to give big relief to individuals, senior citizens on Health Insurance premiums: Sources
The 54th GST Council meeting is set to make a major decision on the GST rate on health insurance premiums on Monday. According to sources,…
GST Council to deliberate on taxation of insurance premium, report on online gaming
The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and…
GST cut on health insurance: You may not celebrate a likely tax cut this time
As the GST Council prepares for its next meeting on Monday, a big topic on the agenda is the high GST on health and life…