- Life insurance companies want term policies to be subject to GST
- They believe this will lead to increased costs without input tax credit
- Companies propose keeping 12% GST or lowering insurance commission rates
- Ministerial panel is examining the situation
Source: economictimes.indiatimes.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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