Section

Gadkari urges FM to withdraw 18% GST on life, medical insurance premiums

By Economic Times - 3 months ago
Nitin Gadkari, the Road Transport Minister, urged Finance Minister Nirmala Sitharaman to eliminate the 18% GST on life and medical insurance premiums. He highlighted concerns raised by the Nagpur Division Life Insurance Corporation Employees Union about the fairness of taxing premiums, arguing it penalizes individuals seeking to insure against life's uncertainties and their families' protection.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.