Lic premium deduction including gst

This discussion clarifies whether the Goods and Services Tax (GST) paid on LIC premiums can be included when claiming deductions under Section 80C of the Income Tax Act. The consensus is that the total premium paid, inclusive of GST, can be claimed as a deduction, provided it falls within the overall limit for Section 80C. There is no need to separate the GST component from the premium amount for the purpose of this deduction.