Instead, she suggested the members to write or take it up to discuss with their respective state's finance minister, so they can subsequently take the matter to the GST Council. States form two-thirds of the GST Council, which is a constitutional body.
Both life insurance and medical insurance premiums attract a GST rate of 18 per cent.
"A lot of members have given us suggestions on GST (on insurance premiums), which certainly I will take to the council, because the ultimate decision is in the council, where states together are two-thirds of the representatives, one-third is all the central government has," she said, speaking during the discussion on Finance Bill 2024-15, which was passed today.
"Tax has been there on medical insurance even before GST was introduced.
この記事は The Business Guardian の August 08, 2024 版に掲載されています。
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この記事は The Business Guardian の August 08, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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