Tag: health insurance gst
Health insurance tax relief coming soon? GST Council may consider lowering tax rates on insurance in December meeting
The GST Council will likely look at lowering the tax rate on certain insurance plans during its upcoming meeting in Rajasthan on December 21st and…
insurance GST: GoM suggests higher GST rates for premium products, relief for senior citizens’ health insurance
A group of ministers (GoM), tasked by the Goods and Services Tax (GST) Council to look at rate rationalisation, has suggested changes in rates of…
GST Rate Cut: Tax on several mass-use products may be reduced
A ministerial panel on GST rate rationalisation is considering lowering GST rates on several mass-use items, including medicines and tractors, to 5%. However, the tax…
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…
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 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…
18% GST Waiver: Indians may need to get over a tax headache to secure their health
When Indian parliamentarians from opposition parties demanded Finance Minister Nirmala Sitharaman to consider waiving off the Goods and Services Tax imposed on life and health…