Post Details
GST council likely to give big relief to individuals, senior citizens on Health Insurance premiums: Sources
The upcoming 54th GST Council meeting on Monday is expected to address a significant change in the GST rate on health insurance premiums. According to sources, the Council may lower the current 18% GST rate on individual health insurance premiums to zero. This move is aimed at providing relief to individuals and senior citizens, reducing the financial burden on healthcare costs. However, the GST rate on group health insurance premiums is likely to remain unchanged. If implemented, this decision could make health insurance more affordable for individuals, especially in light of rising medical expenses and healthcare demands.
10-Sep-2024, 11:42 AM