News From Press Parliamentary panel recommends lowering of GST on health insurance, term policies

Parliamentary panel recommends lowering of GST on health insurance, term policies

Source: Hindu Business Line Feb 7, 2024

The Parliamentary Standing Committee on Finance has recommended that GST on health insurance, particularly for senior citizens, should be lowered. It has simultaneously pitched for a level-playing field between public and private sector insurance companies in terms of TDS on GST and participation in government-run insurance schemes.

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