News From Press GoM proposes GST cuts for health insurance, exemption for term policies

GoM proposes GST cuts for health insurance, exemption for term policies

Source: Business Standard 11 hours ago

A Group of Ministers (GoM), led by Bihar's Deputy Chief Minister Samrat Chaudhary, has recommended full goods and services tax (GST) exemption on pure term life insurance policies and a reduction in the GST rate on individual health insurance premiums to 5 per cent from 18 per cent at present, a government official said requesting anonymity.

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