GST reforms: 0% GST on individual health and life insurance; reduced from 18% – The Times of India
NEW DELHI: Individual health and life insurance has been made GST free, finance minister Nirmala Sitharaman announced on Wednesday. It comes as a big relief as the rate has been brought down from 18%.“Insurance services from 18% currently will go into two, three different categories. Exemption of GST on all individual life insurance policies, whether…