by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
The group of ministers (GoM) on health and life insurance GST last month met and broadly agreed on exempting insurance premiums paid for term life insurance policies, and senior citizens’ health insurance from GST New Delhi: The GST Council will meet on December...
by AIP Online Bureau | Nov 12, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life
Union Finance Minister Nirmala Sitharaman The 55th GST Council meeting would be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken New Delhi: Union Finance Minister Nirmala...
by AIP Online Bureau | Oct 29, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation
In an advisory, Goods and Services Tax Network (GSTN) said GST outward supply returns, besides returns related to payment of liability, annual returns and tax collected at source, will become time-barred after the expiry of a period of three years from the due date of...
by AIP Online Bureau | Oct 19, 2024 | Health, Indian News, Life, Non-Life
The GoM to decide on the GST rate on life and health insurance met on Saturday and decided to exempt GST on premiums paid for health insurance with coverage of Rs 5 lakh for individuals other than senior citizens. New Delhi: Goods and services tax (GST) on term life...
by AIP Online Bureau | Oct 4, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
As per experts, health insurance is likely to see a decrease from 18 per cent to 12 per cent, while term insurance may attract a GST of 5 per cent New Delhi: As the government focuses on GST 2.0 which further eases tax laws, enhance tax simplification and adoption of...
