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Informative
GoM Meeting: No Final Decision on GST Rate Cut for Life and Health Insurance
Update / Judgement Date
27 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
GSTInsurance
The GoM meeting in Goa did not result in a final decision regarding a GST rate cut for life and health insurance. Discussions centered around the potential impact of reducing GST rates to make these insurance products more affordable for consumers. However, no consensus was reached, and the proposal remains under consideration. The delay reflects the need for further analysis on balancing tax revenue with the growth of the insurance sector.
