- Nitin Gadkari urges Finance Minister to withdraw GST on life and medical insurance premiums
- The Nagpur Divisional Life Insurance Corporation Employees Union raised concerns about GST on insurance premiums
- Levying GST on life insurance premiums is seen as taxing uncertainties of life
- 18% GST on medical insurance premiums is hindering the growth of this segment
- Union also raised points about differential treatment to savings, IT deduction for health insurance premiums, and consolidating insurance companies
- Gadkari requests priority consideration for withdrawal of GST on life and medical insurance premiums
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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