Insurance sector should be made service tax free...
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As it is observed that government is imposing service tax I.e GST of 18% for Insurance which has become a burden for the common people .Actually why should we pay the service tax when we are making ourselves secured for Life ,Health and Accident .WHY SHOULD I PAY GST@18% TOWARDS LIFE, HEALTH AND ACCIDENTAL INSURANCE....? When I am Insuring myself, my family,children and not depending on others and not becoming a burden to the society and not at all depending on GOVERNMENT for financial assistance... Why do I need to pay the GST...? I am not dependent on Government for Financial aid if anything goes wrong. Infact Government is depending on me in the name of Tax for what I'm getting in lumpsom... But the truth is when a person is getting the lumpsom from Insurance is the hard earned money to fulfill the same support to the family members in his own absence... TAX should be a boon to the Society but not an AXE.... ���� JAI HIND
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