SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • News From Press GST on third-party motor insurance cover may dip

    GST on third-party motor insurance cover may dip

    Source: The Economic Times Dec 8, 2018


    The government will soon bring a proposal before the GST Council to reduce tax on the premium being paid by vehicle owners for buying third party (TP) insurance. Currently, the GST on third party premium is 18% and it’s mandatory for every vehicle owner to buy the TP insurance. A reduction is expected to ease the burden on consumers.

    TOI has learnt that the issue of high GST on premium came up for discussion at a meeting at Prime Minister’s Office.

    'Click here to read more>>

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    1 Comment
    Dillip Kumar Swain · 5 years ago `
    Just looting innocent Indian buyers. Now govt is captured by GIC companies
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.