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

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

Monetary policy committee member Saugata Bhattacharya said the proposed GST revamp will likely lower prices initially, but rising demand could trigger unpredictable second-round effects, making its ...

Tax experts believe the exemption could improve affordability but caution that expectations of a full 18% premium cut are ...

With GST rate rationalisation, the tax on cars, two-wheelers, three-wheelers, trucks and buses will reduce to 18% from 28%.

The additional cost from input credit reversal will likely be factored into the pricing of insurance policies, offsetting a large part of the intended relief for customers, they say ...

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister ...

After the PM's speech, the government later came out with details about the upcoming next-generation GST reform which is aimed at lowering tax rates for most daily use essential items, home appliances ...

Health insurance is meant to bridge that gap, but the reality is different. Premiums for senior citizens are already steep, and an additional 18% Goods and Services Tax (GST) only makes them heavier.

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

A Group of Ministers has backed the Centre’s proposal to scrap the 12% and 28% GST slabs, with Bihar Deputy CM Samrat Choudhary saying the move will now go to the GST Council for a final decision.

However, the key question is whether the sector can sustain this growth amid the expected GST restructuring, rising capex, and the moderation in prices seen in July 2025. Here is what brokerage firms ...