# gstremoval
1 posts in `gstremoval` tag
GST Removed on Insurance But Agents Are Paying the Price
The government has eliminated the 18% GST on life and health insurance premiums effective October 1, 2025. While this benefits customers by lowering costs, insurance agents—especially those working with private insurers—are facing commission cuts of up to 18% due to the loss of input tax credit. Public insurers are absorbing the GST cost, but private companies are passing it on to agents.
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By Krishna
