GST

GST Panel to Review Tax on Health & Life Insurance Premiums September 27, 2024 The GoM is reviewing GST rates on health and life insurance premiums and will submit its recommendations to the GST Council by October's end.

GST Council Forms GoM to Review Tax Rates on Health Insurance September 10, 2024 GST Council chairperson Nirmala Sitharaman stated that the Council could take several crucial decisions in its next meeting, set for November during the festive season.

FM Nirmala Sitharaman Addresses GST Concerns on Health & Life Insurance Amid Protests August 8, 2024 Sitharaman emphasized that taxes on medical insurance existed before the GST implementation.

INDIA Bloc Protests Against GST on Health, Life Insurance Premiums August 7, 2024 The protest marks the first joint opposition action against GST rates on a specific service, underscoring the critical role of insurance for the middle and lower-middle classes.

Mamata Banerjee Urges Central Govt to Remove GST on Insurance Premiums August 5, 2024 She emphasized that the 18% GST rate on insurance premiums is counterproductive and harms the financial well-being of ordinary citizens.

Gadkari Urges FM to Scrap 18% GST on Medical Insurance Premiums August 1, 2024 Gadkari's proposal goes a step further, seeking the complete removal of GST on both life and medical insurance premiums.

Union Budget 2024: Healthcare Industry Demands Rationalised GST, Increased Fund Allocation & Technology Integration February 1, 2024 Over the past few years, spending on the healthcare sector has seen a steady increase. Industry stakeholders expect the trend to continue in Budget 2024.