GST on insurance policies: GoM set up to reduce rate
Ahmedabad Mirror|September 10, 2024
GoM to submit report by Oct end; GST council decides to cut tax rates on cancer drugs to 5% from 12% and some namkeens from 18% to 12%
GST on insurance policies: GoM set up to reduce rate

GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GOM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.

The GoM will be headed by Bihar Deputy Chief Minister Samrat Choudhary, who is currently heading the panel on GST rate rationalisation. Sitharaman said new members would be joining the GoM to look into GST on health insurance.

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Ahmedabad Mirror

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Ahmedabad Mirror

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Ahmedabad Mirror

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