Broad consensus in GST Council to cut taxes on insurance premiums, decision in next meet: sources

Quick Summary:

The Fitment Committee presented a report giving data and analysis and implications of GST reduction on life, health and reinsurance premiums.

Even Transport Minister Nitin Gadkari wrote to Sitharaman on the issue.

Insurance premiums in the pre-GST regime used to attract service tax.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaTaiwan

Topics: Crore Premiums Data Health Council Life Privacy Insurance Reduction Finance Meeting

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 13:46:34 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22426142

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Official Website: yourstory.com

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