GST Council to decide on GST rate for health, life insurance on Dec 21

Monday, 18 November 2024
The GST Council is gearing up for a pivotal meeting on December 21st, where a decision on the GST rate for health and life insurance will take center stage. The Council is also considering proposals to increase GST on higher-priced footwear and wristwatches, potentially raising rates from 18% to 28%.

👓 View full article

0 shares	Share Tweet Save Post Send

GST Council Likely To Decide On Tax Relief For Life And Health Insurance At Dec 21 Meet

GST on premiums paid by individuals, other than senior citizens, for health insurance of up to Rs 5 lakh, is proposed to be exempted.
Zee News on November 18, 2024

GST Council call on insurance next month

The GST Council is set to discuss reducing the GST on term insurance plans to zero and offering similar relief for health insurance, particularly for senior...
IndiaTimes on November 11, 2024

GST Council to decide on GST rate for health, life insurance on Dec 21

You Might Like

Related news from verified sources

GST Council Likely To Decide On Tax Relief For Life And Health Insurance At Dec 21 Meet

GST Council call on insurance next month