life insurance

Why GST rate rationalisation is both due & needed

by

NEW DELHI: Transport minister Nitin Gadkari’s letter to finance minister Nirmala Sitharaman on reducing the GST on health and life insurance has struck a chord with most consumers, who have to shell out 18 per cent tax to cover their medical risk when quality healthcare is something that the Centre and states should have been … Read more

GST on health & life insurance fetched Rs 21,000 crore in 3 years, government tells House

by

NEW DELHI: Amid growing demand for a cut, if not removal, of GST on health and life insurance, government on Monday told Parliament that the levy fetched it Rs 21,256 crore during the last three financial years, with Rs 8,263 being collected during 2023-24. Responding to a Parliament question, junior minister for finance Pankaj Chaudhary … Read more