Insurance Premiums at 0% GST: Industry Awaits Clarity on ITC

Last updated: 17 September 2025

Finance Minister Nirmala Sitharaman's announcement at the 56th GST Council meeting that GST on individual health and life insurance premiums will drop from 18% to 0% starting September 22, 2025, has brought relief to policyholders. However, tax experts caution that the extent of savings will depend

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