GST Ministerial Panel Favors Exemptions on Term Life Insurance Premiums, Health Cover for Seniors; Rate Cuts on Packaged Water, Bicycles, and Exercise Books
A ministerial panel under the Goods and Services Tax (GST) has proposed tax relief for term life insurance premiums and health insurance for senior citizens. In a meeting on Saturday, most members of the panel supported exempting term life insurance premiums for all individuals, including plans covering family members. Additionally, health insurance premiums for senior…