Have high hopes from GST cut on health, life insurance? Here's why a drastic fall is unlikely to benefit policyholders

GST on insurance: The public demands lowering of GST rate on insurance products as it is too high. However industry experts warn that if the GST rate is cut from 18% to 5% without input tax credit is not given then instead of making the premium affordable, the premiums will rise.

from Tax-Wealth-Economic Times https://ift.tt/Df17jXg