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18% GST On Insurance Conundrum: Insurance Now A 'Premium' Burden? | Beyond The Headline
Posted
August 6, 2024
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37:04Now PlayingIn today's episode of "Beyond the Headline," anchor Sneha Koshy will delve into the pressing issue of the 18% GST conundrum on insurance. The show will examine why essential protection is considered a 'luxury' and taxed to the maximum. With the opposition raising the banner of 'Tax terrorism,' the discussion will focus on whether insurance has become a 'premium' burden for everyday citizens and its impact on their financial security. "In India, insurance is a very low-priority service; we're one of the least insured societies. Therefore, the insurance cost is relatively higher," says Subhash Chandra Garg, former finance secretary. Watch the full video to learn more and stay tuned with Mirror Now for the latest updates.
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