GST on third-party motor insurance cover may dip

GST on third-party motor insurance cover may dip

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GST on third-party motor insurance cover may dip
NEW DELHI: The government will soon bring a proposal before the GST Council to reduce tax on the premium being paid by vehicle owners for buying third-party (TP) insurance. Currently, the GST on third-party premium is 18% and it’s mandatory for every vehicle owner to buy the TP insurance. A reduction is expected to ease […]
Source: GST India