General Insurance Sector Receives Rs 18K Crore Relief as GST Council Drops Tax Demand

Last updated: 27 June 2024

In a significant move ahead of the Union Budget, the general insurance sector has received a substantial relief amounting to over Rs 18,000 crore. The GST Council has decided to drop the hefty tax demand that had been imposed on insurers, providing much-needed respite to the industry. The General
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