News & Media 3rd Dec 2024
There has been growing clamour for removing or lowering the current GST rate of 18% on life and health insurance policies. Government gets a significant revenue from GST on insurance policies. The government has answered in Lok Sabha that more than Rs 16,000 crores was collected by levying Goods and Services Tax (GST) on health and life insurance policies issued through FY 2023-24.
Against this backdrop, our Partner Nishant Shah has been quoted in an article “Have high hopes from GST cut on health, life insurance? Here’s why a drastic fall is unlikely to benefit policyholders” authored by Neelanjit Das from ET Wealth.
As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.