- Proposal to remove GST on health insurance premiums to be discussed at 55th GST Council meeting
- GoM recommends GST exemption for term life insurance and health insurance for senior citizens
- Fitment committee to assess revenue implications of recommendations
- Options considered include exempting all individual health insurance premiums or reducing GST rate to 5%
- Final decision to be made by GST Council based on financial and social impacts
- Meeting scheduled for last week of December in Rajasthan, will also review Rate Rationalisation report and fitment committee recommendations
Source: x.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- GSTN Introduces E-Invoicing for Reverse Charge Self-Invoices on Domestic and Import Services
- GST Council recommends e-invoicing for reverse-charge purchases and imports of services
- GST Reform May Reclassify Services to Overseas Branches as Exports
- Five States Named Permanent Members of New GST Standing Committee
- Centre Sees Little Scope for Further GST Rate Discussions
