Yes, all charges will reverse.
But the catch is 12803 rs interest discount will be reversed within 120 days as per the latest guideline.
Effectively you are getting 5000 discount.
The reduction of GST on medical insurance from 18% to 0% is certainly a big relief, but there’s a concern regarding the Input Tax Credit (ITC), which insurance companies will no longer be able to claim.
That means insurance companies usually pay GST on various overheads such as office rent...
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