GST Council to Discuss Insurance Tax Cuts: Will Consumers Benefit?
On Monday, the GST Council, led by Finance Minister Nirmala Sitharaman, will talk about lowering the 18% GST on health and life insurance premiums. While many support this move, there’s worry that insurers might keep the savings rather than passing them to consumers. Insurance costs have already risen after COVID, and with anti-profiteering laws gone,…