business gst council postpones decision on reducing tax for life health insurance premiums

Gst Council Postpones Decision On Reducing Tax For Life, Health Insurance Premiums

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On Sunday, the GST Council, in its 55th meeting chaired by Union Finance Minister Nirmala Sitharaman, deferred the decision to cut taxes on life and health insurance premiums. Further technical consultations were needed before any changes could be implemented, the commission said. Group of ministers to meet again for further discussions Bihar Deputy Chief Minister Samrat Chaudhary, who headed the Group of Ministers (GoM) tasked with considering the issue, said a fresh meeting was needed t