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GST REDUCTION ON INSURANCE
ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...- Hospital expansion cycle to keep margins rangebound, but 18 per cent revenue growth trend likely to sustain: Kotak SecuritiesIndian hospitals are set for strong revenue growth. Brokerage firm Kotak Securities predicts double-digit gains. EBITDA margins are expecte...
- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- Why Emkay is seeing Nifty at 29,000 by March 2027 despite oil shock, West Asia tensionsEmkay Global maintains a bullish outlook on Indian equities, projecting the Nifty could reach 29,000 by March 2027, driven by strong domest...
- 100% FDI in insurance sector grants more power to regulators: LIC MDLIC MD Dinesh Pant highlights the government's strong focus on the insurance sector, evidenced by 100% FDI, GST reduction on individual pol...
- GST cuts don't always cut prices. Here's whyLower GST rates don't necessarily translate to cheaper prices for consumers. This discrepancy arises from the complexity of tax processes r...
- Insurers told to pass on the benefits of GST reductionOn Wednesday, the insurance regulator directed insurers to pass on the benefits of the GST removal on life and health insurance premiums to...
- GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? Why it may not be a good ideaThe Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after Sep...
- Term, health insurance policyholders to benefit most from GST exemption on individual policies: ExpertsTax experts suggest that the proposed GST exemption on individual health and life insurance policies would primarily benefit term and healt...
- Life insurance companies challenge GST exemption for term policiesLife insurance companies are petitioning to avoid the exemption of term insurance policies from the GST levy. They argue that doing so will...
- Have high hopes from GST cut on health, life insurance? Here's why a drastic fall is unlikely to benefit policyholdersGST on insurance: The public demands lowering of GST rate on insurance products as it is too high. However industry experts warn that if th...
- Cost of health, life insurance to come down if GST Council decides to reduce taxes on premium: FMFinance Minister Nirmala Sitharaman stated that insurance costs may decrease if the GST Council suggests lowering GST rates on health and l...
- GST cut on health insurance, life insurance: Your insurance premium likely to drop soon but by how much?A group of ministers (GoM) tasked by the Goods and Services Tax (GST) Council to oversee rate rationalisation, is considering lowering the ...
- GST reduction will make insurance little affordable for customers, says Department of Finance Joint SecyThe Department of Finance's Joint Secretary stated that a reduction in Goods and Services Tax (GST) could make insurance more affordable fo...
- GST Rate Cut: Tax on several mass-use products may be reducedA ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance ma...
- GST Council decides to form new GoM for health insurance premiumThe GST Council has postponed its decision on reducing the GST rate on health insurance premiums to November. A Group of Ministers will rev...
- Govt collects Rs 8,263 cr towards GST on health insurance premium in FY'24The government accumulated Rs 8,263 crore in GST from health insurance premiums for the fiscal year 2023-24. There have been appeals to exe...
- Parliamentary panel recommends reduction in GST on insurance productsThe Committee, to make insurance more affordable, recommended that GST rates applicable to health insurance products, particularly retail p...
- India's life insurance industry seek tax break on protection policiesThe Life Insurance Council is lobbying for a lower rate of GST ahead of the union budget, from the current 18% to the 5% slab for protectio...
- GST on third-party motor insurance cover may dipTOI has learnt that the issue of high GST on premium came up for discussion at a meeting at Prime Minister’s Office.
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