💡 GST on Insurance May Drop to 5% — What It Means for You
25 Mar, 2025
📌 Breaking Down the Proposal: GST on Insurance Set for a Major Revamp The GST Council is likely to reduce the GST on insurance from the current 18% to 5%, according to reliable sources. This proposal—now under final review by a Group of Ministers (GoM)—would apply to health and life insurance, and retain input tax […]
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