As GST deadline draws closer, insurers are a worried lot

Insurance companies are still in the process of preparing for the new Goods and Services Tax (GST) regime even as there are less than three weeks left for the July 1 deadline. Not only will they have to realign their backends, but they will also have to register their offices across all states. The GST Council which has imposed an 18 percent tax on insurance has structured a system of Ce…