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Star Health and Allied Insurance company has disclosed in its filing with the Bombay Stock Exchange (BSE) that it has received a notice from the Directorate General of GST Intelligence (DGGI) for a tax payment of ₹38.99 crore. The notice was issued under Section 74(5) of the Central Goods and Services Tax Act, 2017, alleging […]
For hardworking individuals who prioritize financial prudence, the inclusion of health insurance in their financial portfolio is crucial. If you happen to be a Non-Resident Indian (NRI), obtaining health insurance in India becomes even more vital, as it offers protection to your family back home and yourself when seeking medical care during visits to your […]
The forthcoming GST Council meeting scheduled for October 7 brings potential good news for senior citizens, as there is a possibility of a reduction in the tax rate on health insurance premiums. It has been reported that the 52nd GST Council is considering a proposal to lower the GST rate on health insurance from the […]
Particularly in the rise of medical cases during and post-pandemic, the insurance sector was in demand. Experts see that the 18% GST is higher on health and term insurance and the same must be reduced. Much more people shall take health and term insurance for their medical security if the government cancels the 18% GST […]
The Telangana Appellate Authority for Advance Ruling (AAAR), on the medical insurance taken to furnish health insurance to employees, pensioners, and their family members carried that no exemption in GST is there. The bench, Neetu Prasad and BV Siva Naga Kumari have found that the insurance services for employees and their family members obtained via […]
As the Union Budget 2023 is approaching nextly, the industries are putting their points. One of the sectors is the insurance sector which asks for the exemption for health insurance and life insurance, citing that no GST would be levied on these two. Tax experts mentioned that the “Insurance sector is still facing the issue […]
MP activist Chandrashekhar Gaur is in action again with his question directed on the applicability of 18 per cent GST on the healthcare insurance seems to move within the political corridors as the letter has been sent to the prime minister Narendra Modi also.
Dr RV Asokan, the firebrand national president of the Indian Medical Association (IMA), was in Nagpur to install the IMA Nagpur chapter’s new team led by Dr Manjusha Giri. Dr Asokan articulated the pressing problems plaguing India’s medical sector, suggesting immediate action needs to be taken by the government. On illness, GST on healthcare is […]
A new show cause notice has been issued via the GST for Rs 66.7 cr, as per the reports from Star Health and Allied Insurance Co Ltd. The two orders amounting to Rs 17.9 crore and around Rs 103.7 crore respectively, were obtained from the GST authorities, Tamil Nadu for the years 2018-19 and 2019-20, […]
