[ad_1] Krishnan Ramachandran, MD & CEO of Niva Bupa Health Insurance, has called for a reduction in Goods and Services Tax (GST) on health insurance premiums to 5% from the current 18%. Speaking to CNBC-TV18, he emphasised that lowering GST, rather than exempting it entirely, aligns better with affordability goals and industry sustainability. Ramachandran argued […]
GST Council meet: Proposal for exemption of GST on life and health insurance deferred – CNBC TV18
[ad_1] The Goods and Services Tax (GST) Council on Monday (September 9) deferred the proposal to exempt life and health insurance from GST. Sources informed CNBC-TV18 that this matter will be revisited in the next meeting, with more data and analysis expected. The proposal has been handed over to the Group of Ministers (GoM) on […]
Council could heed to Gadkari’s call to exempt life insurance from GST; ₹200 crore revenue loss likely – CNBC TV18
[ad_1] In a significant development, the Goods and Services Tax (GST) Council is likely to exempt life insurance from GST during its upcoming meeting on September 9. The move, which has garnered widespread support, could lead to a revenue loss of ₹200 crore annually, according to a senior government official. “The government has been receiving representations from […]