Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

A GoM approved reducing GST brackets from four to two, aiming to lower consumer taxes, but concerns over state revenue ...

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday ...

The Centre has proposed reforms in GST by reducing the number of slabs under Goods and Services Tax (GST) to 2 (5 and 18%) ...

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

Under Centre’s proposed plans, government wants to reduce the current rate structure to just two slabs of 5 percent and 18 percent, removing 12 percent and 28 percent rate tiers.

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.

GoM approves streamlining GST rates to a simplified 5% and 18% two-slab structure, eliminating 12% & 28% slabs.

Group of Ministers accepts the Centre's rate rationalisation proposal, which includes consolidating the slabs into two — 5 ...

The Group of Ministers on rate rationalisation endorsed the Centre’s plan to introduce a simpler structure, replacing the ...

Cement sector posts robust Q1FY26 growth with higher volumes, improved realisations, and strong profitability. Proposed GST cut to 18 per cent may further support demand and reduce construction costs.