Brokerage firm CLSA said the GST exemption on all life insurance products — both, fresh and backbook — along with loss of input tax credit benefit, could result in up to a 1.5% hit on the embedded value of life insurers.
Brokerage firm CLSA said the GST exemption on all life insurance products — both, fresh and backbook — along with loss of input tax credit benefit, could result in up to a 1.5% hit on the embedded value of life insurers.