![Safari Thorium Neo 8-Wheel Luggage Set Trolley Bags (Set of 3) at just Rs. 5,599 [MRP 29,100]](https://savefree.in/uploads/images/202409/image_870x580_66f63845060f0.webp?#)
GST Council likely to clarify premium on life insurance
The GST Council will provide clarity on input tax credit for life insurers, following a demand on Life Insurance Corporation (LIC). The issue arises from the complication of GST being levied on only a portion of traditional life policies or endowment plans. The input tax credit claimed on the exempted portion of the premium is being questioned by tax authorities.
The GST Council will provide clarity on input tax credit for life insurers, following a demand on Life Insurance Corporation (LIC). The issue arises from the complication of GST being levied on only a portion of traditional life policies or endowment plans. The input tax credit claimed on the exempted portion of the premium is being questioned by tax authorities. 
![Handmade Brown Mango Wood Chopping Board At just Rs. 89 [MRP 599]](http://savefree.in/uploads/images/202303/image_870x580_641bf7e9c2206.jpg?#)
