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GST Council may lower tax rate on insurance premium
The New Indian Express Villupuram
|December 19, 2024
THE 55th GST Council meeting in Jaisalmer is likely to take a decision on tax rate on insurance premium, as per finance ministry sources.
The GoM constituted on the issue had recommended complete waiver of GST on insurance for health insurance policies that provide a cover up to ₹5 lakh against the current rate of 18%. On all other policies, premium paid would continue to be taxed at 18%.
The Group of Ministers (GoM) constituted under Bihar deputy chief minister Samrat Choudhary has recommended complete waiver of GST on health insurance premium for senior citizens.
Bu hikaye The New Indian Express Villupuram dergisinin December 19, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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