Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

GoM approves streamlining GST rates to a simplified 5% and 18% two-slab structure, eliminating 12% & 28% slabs.

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

Led by Bihar Deputy Chief Minister Samrat Choudhary, the six-member GoM agreed to streamline the present four-tier GST system ...

According to the plan, 99% of items taxed at 12% will shift to the lower 5% slab, while nearly 90% of items currently in the ...

Since its launch in 2017, GST has achieved much of its intended purpose—simplifying compliance, reducing the cascading effect of taxes, and creating a unified national market.

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would make coverage more affordable and boost penetration in India’s market.

Cement sector posts robust Q1FY26 growth with higher volumes, improved realisations, and strong profitability. Proposed GST cut to 18 per cent may further support demand and reduce construction costs.

Group of Ministers in Bihar endorse Centre's GST proposal, with new 40% slab and limited 28% goods, for rate rationalisation.

Proposed GST cut on small cars from 29% to 18% could make popular models like Maruti Swift, Dzire, Tata Punch and more ...

The Group of Ministers on rate rationalisation has recommended a two-slab GST structure of 5% and 18% and a special rate of 40%. As the GST Council prepares to deliberate, states remain concerned ...