In 2017, India implemented the Goods and Services Tax (GST), which quickly gained popularity despite initial challenges. The government struggled with certain proposals, including determining GST rates on LIC premiums. However, GST has proved successful overall. The GST rate on LIC premiums varies depending on the policy type, with rates ranging from 4% to 18%. Know more about this blog:- https://www.paybima.com/blog/i....nvestment-and-tax-pl
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