News From Press 18% GST on insurance premium is atrocious: Former IRDAI member Nilesh Sathe

18% GST on insurance premium is atrocious: Former IRDAI member Nilesh Sathe

Source: Business Standard Nov 9, 2021

Insurance is a necessity in India in the absence of a social security net, but the government is taxing the sector heavily even as others in the financial sector are exempted, lamented former Insurance Regulatory and Development Authority (IRDAI) member Nilesh Sathe.

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