Have high hopes from GST cut on health, life insurance? Here’s why a drastic fall is unlikely to benefit policyholders
There has been growing clamour for removing or lowering the current GST rate of 18% on life and health insurance policies. After union minister Nitin Gadkari raised this issue, the people started hoping for the rate cut to become a reality as it was taken for consideration by the GST council. However, despite several meetings…