Violation of GST rules: Insurers ask govt to sort ‘GST evasion lapses’

Under pressure in the ‘GST evasion’ issue, the insurance industry has approached the government to sort out the issue without burning its fingers. While a top representative team consisting of some of the CEOs of leading private sector general insurers have already met Tarun Bajaj, retiring Revenue Secretary, Ministry of Finance (MoF), the representatives of life insurers are planning to meet Baja…