https://www.taxtmi.com/news?id=57074 A statutory reduction in GST for specified small and larger cars lowers vehicle market prices and thereby reduces the Insured Declared Value (IDV) used in premium calculations, creating downward pressure on motor insurance premiums and enabling more affordable comprehensive coverage; the removal of cess for larger cars also simplifies taxation and affects premium predictability. en-us Fri, 26 Sep 2025 18:01:09 +0530 Fri, 26 Sep 2025 18:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=57074 A statutory reduction in GST for specified small and larger cars lowers vehicle market prices and thereby reduces the Insured Declared Value (IDV) used in premium calculations, creating downward pressure on motor insurance premiums and enabling more affordable comprehensive coverage; the removal of cess for larger cars also simplifies taxation and affects premium predictability. News - Fri, 26 Sep 2025 18:01:09 +0530 https://www.taxtmi.com/news?id=57074