The GST Council set up a 13-member Group of Ministers to work out and suggest the GST rates on premiums for various health and life insurance products. It was decided during the council's 54th meeting on September 9 to discuss the present tax structure on insurance premiums.

The GST Council has established a group of ministers to scrutinize the GST rate on health insurance policies. Currently, premiums for both health and life insurance are subject to an 18% tax. This initiative was announced during the 54th GST council meeting,

After a meeting of the all-powerful GST Council on Monday, September 9, Finance Minister Nirmala Sitharaman said that new members will be inducted to the Group of Ministers to deliberate on pressing issues.

The GST Council, which met on Tuesday to review and rationalise the rate structure, has recommended the creation of a Group of Ministers (GoM) to look into the issues related to the GST on life and he

The GST Council, led by Union Finance Minister Nirmala Sitharaman, decided to form a Group of Ministers (GoM) to review tax rates on life and health insurance and reduce GST on cancer drugs and namkeens.

The GST Council has created a 13-member Group of Ministers, chaired by Bihar Deputy Chief Minister Samrat Choudhary, to suggest GST rates for health and life insurance products. The panel will submit its report by October 30.

The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30.