News
Is it possible to claim income tax benefits for GST paid on insurance premium?
- Date:
- May 9, 2019
- Source:
- Money Control
Under Section 80C and Section 80D of the Income Tax Act, the premium paid for life and medical insurance policies can be used to claim tax benefits. But, Can the policyholders claim similar tax benefits for the Goods and Service Tax(GST) paid by him/her? Before opting for any insurance policy, one must be aware of and should understand how much GST is applicable and whether the GST paid quali…