GST on health and life insurance premiums may be reduced: CNBC-Awaaz
Thu, Aug 8, 2024 12:40 PM

GST on health and life insurance premiums may be reduced: CNBC-Awaaz

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The GST rate on the premium paid on health and life insurance may be reduced, CNBC-Awaaz has reported on August 8 citing sources familiar with the development, as a proposal in this regard has been sent to the GST rate rationalisation committee. Sources told CNBC-Awaaz that the proposal talks about a 5 percent GST on health and life insurance premium, significantly lower than the current slab.

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