The GST Council has eliminated the 18% tax on individual life and health insurance policies, aiming to boost affordability and coverage. Finance Minister Nirmala Sitharaman expects companies to pass on the benefits to consumers. This move, effective for all individual policies and reinsurance, seeks to reverse the recent decline in insurance penetration across India.
from Banking/Finance-Industry-Economic Times https://ift.tt/NUQ9FwY
via IFTTT
No comments:
Post a Comment