The proposed rationalisation of GST rates on health and life insurance products will be on the agenda for the upcoming Council meeting on Saturday in Jaisalmer, sources said.
Sources said that the Group of Ministers on insurance, chaired by Bihar Minister Samrat Chaudhary, has submitted the report to the GST Council.
The Group of Ministers was tasked to look into GST rates related to medical insurance and come up with a report so that the GST Council could take up the matter.
Both life insurance and medical insurance premiums attract a GST rate of 18 per cent.
This story is from the December 19, 2024 edition of The Business Guardian.
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This story is from the December 19, 2024 edition of The Business Guardian.
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