{"id":56689,"date":"2022-03-16T16:11:09","date_gmt":"2022-03-16T10:41:09","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=56689"},"modified":"2022-03-16T16:11:10","modified_gmt":"2022-03-16T10:41:10","slug":"insurance-agents-federation-seek-the-removal-of-gst-from-insurance-products","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/insurance-agents-federation-seek-the-removal-of-gst-from-insurance-products\/","title":{"rendered":"Insurance Agents Federation seek the removal of GST from insurance products"},"content":{"rendered":"<p>The life insurance agents federation of India had made an appeal to Basavaraj S. Bommai, chief minister of Karnataka. Mr. Bommai is the leader of the ministerial panel on GST. The panel has been constituted to study the exiting GST provisions and implement ways to rationalise the taxes.<\/p>\n\n\n\n<p>The insurance agent&rsquo;s federation has sought the removal of GST from life and health insurance products.<\/p>\n\n\n\n<p>In the letter addressed to Chief minister Bommai, the federation stated that an 18% GST levied on the Life insurance premium made it less attractive than FDs (fixed deposits), Post office schemes, and Mutual funds GST is being imposed on them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The life insurance agents federation of India had made an appeal to Basavaraj S. Bommai, chief minister of Karnataka. Mr. Bommai is the leader of the ministerial panel on GST. The panel has been constituted to study the exiting GST provisions and implement ways to rationalise the taxes. The insurance agent&rsquo;s federation has sought the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":56690,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Insurance Agent Federation seek removal of GST from insurance products<\/title>\n<meta name=\"description\" content=\"The insurance agent\u2019s federation has sought the removal of GST from lifeand health insurance products. 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