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Gadkari Calls for Removal of GST on Insurance Premiums

nitin gadkari

Union Minister Nitin Gadkari has requested Finance Minister Nirmala Sitharaman to remove the 18% GST on life and medical insurance premiums. In a letter dated July 28, Gadkari stated that the GST on life and medical insurance premiums is burdensome, particularly for senior citizens. He argued that this tax hampers the sector’s growth and adds unnecessary financial pressure on policyholders.

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