Insurance industry cautious on GST rate cut for health and life insurance on concerns of costlier premium: Report
Published on: Aug. 18, 2025, 4:52 p.m. | Source: The Financial Express
The industry leaders say that if the government reduces the GST rates, the insurance companies will not be able to claim the Input Tax Credit. As per the current rules, the GST rate of 5 per cent or zero does not qualify for Input Tax Credit.
