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GST on term life and health insurance premiums may be exempted

IndiaTimes Saturday, 19 October 2024
The Group of Ministers (GoM) decides to recommend waiving GST on health and term life insurance premiums for senior citizens, with a focus on providing financial relief. The GST Council will finalize the decision, but premiums over Rs 5 lakh for non-senior citizens will still attract 18% GST.
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