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GST on term life and health insurance premiums may be exempted

October 19, 2024 ,
The Group of Ministers (GoM) decides to recommend waiving GST on health and term life insurance premiums for senior citizens, with a focus on providing financial relief. The GST Council will finalize the decision, but premiums over Rs 5 lakh for non-senior citizens will still attract 18% GST. https://ift.tt/1XvPYMC
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