GoM report on GST on health insurance to be put before Council: FinMin

Quick Summary:

First meeting of the GoM was held on October 19, 2024 at New Delhi where issues of GST rate on health and life insurance policies were discussed, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.

Recommendations of the Group of Ministers (GoM) looking into issues pertaining to GST on life and health insurance will be placed before the GST Council when received, Parliament was informed on Monday.

The issue of exempting/reducing GST on life and health insurance was placed before the GST Council in its 54th meeting on September 9, 2024.

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Category: BusinessFinance

Markets: IndiaChinaJapanSwitzerland

Topics: GST council Parliament GST on life insurance GST on health insurance

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Article Type: News Report

Published On: 2024-11-25 @ 15:32:33 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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