News From Press Removal of 18% GST on life, health insurance: 'Shall take up with the GST Council,' says FM Sitharaman

Removal of 18% GST on life, health insurance: 'Shall take up with the GST Council,' says FM Sitharaman

Source: ET Aug 7, 2024

On the withdrawal of 18% goods and services tax (GST) on life and health insurance premiums, Finance Minister Nirmala Sitharaman said on August 7, 2024, that tax had been there on medical insurance even before the introduction of GST. During her reply to the amendments of Finance Bill, 2024, Sitharaman said, "I want to raise two important points - tax has been there on medical insurance even before the introduction of GST."

Click here for more.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

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

Latest Articles

63 new passive mutual funds launched in past 7 months, why are they getting popular among investors?

Why are aggressive hybrid funds good bets in volatile market?

Mutual Funds: Do you need to invest in passive funds based on ‘Total Market Index’ having 750 stocks?

Investment and insurance: Invest in Ulip with above 10-year horizon

Don't fall for the bigger-is-better bias

These equity mutual funds failed to outperform their respective benchmarks in 5 years

SIPs now a preferable mode of mutual funds investments by retail investors: Zerodha Fund House study

AMFI lays down roadmap to curb front running at AMCs

NPS: Are you 40? Here’s how much you need to invest now to secure Rs 1 lakh pension after retirement?

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.

0 Comment

Be the first to comment.

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.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS