It was there because the UPA introduced service tax on insurance premiums. GST was introduced on revenue neutrality basis, meaning products that were already in the tax net had to continue in the tax net, at around the same rate as the previous regime.
It was there because the UPA introduced service tax on insurance premiums. GST was introduced on revenue neutrality basis, meaning products that were already in the tax net had to continue in the tax net, at around the same rate as the previous regime.
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