The GST Council on Saturday decided to postpone decision on cutting taxes on health and life insurance policies for further examination, CNBC-TV18 has reported citing sources.

News18 India

India

GST Council Postpones Decision To Cut Taxes On Health, Life Insurance Policies: Report

Media Bias/Fact Check

Mukesh Ambani

The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out. The GST exemption/reduction on life and health insurance premiums is a long-pending demand of the industry, as the move would alleviate the tax burden on both insurers and policyholders. According to people in the know, the GST Council in its 55th meeting in Jaisalmer, c…

NDTV

Independent Media

Gautam Adani

New Delhi

Delhi

55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts

GST Council Meeting: During the 55th meeting held on Saturday, technical considerations led to the deferral, with the Group of Ministers (GoM) tasked to conduct further deliberations.

India Today

Living Media

GST Council delays decision on lowering tax for health, life insurance premiums

After the GST Council meeting, the common man has been shocked... GST levied on health and life insurance will not be reduced.

जीएसटी कौंसिल की बैठक के बाद आम आदमी को झटका लगा है....हेल्थ और लाइफ इंश्योरेंस पर लगने वाले जीएसटी को नहीं घटाया जाएगा.

आम आदमी को झटका, हेल्‍थ- लाइफ इंश्‍योरेंस पर नहीं घटेगा GST

आज तक

A shock to the common man, GST will not be reduced on health-life insurance

GST Council Delays Tax Decision on Insurance Premiums  The Goods and Services Tax (GST) Council, in its 55th meeting chaired by Union Finance Minister Nirmala Sitharaman, has decided to defer the decision on cutting tax rates for life and health insurance premiums. Officials announced that further technicalities need to be explored before a definitive plan is set.Bihar Deputy Chief Minister Samrat Chaudhary reported that the Group of Ministers (…

Devdiscourse

GST Council Delays Tax Decision on Insurance Premiums

The GST Council's 55th meeting in Jaisalmer faced a deadlock over proposed GST rate cuts for term and health insurance. Several states, including West Bengal, Kerala, and Karnataka, expressed concerns over potential revenue losses, leading to the deferral of the decision.

The Economic Times

Sahu Jain family

GST Council defers decision on insurance tax cuts amid lack of consensus among states: Sources

New Delhi: As the 55th meeting of the GST Council was set to begin in Jaisalmer on Saturday, chaired by Union Finance Minister Nirmala Sitharaman, the ...

Mathrubhumi

M. P. Veerendra Kumar

Kerala

Health insurance premiums: Possible GST relief and what it means for policyholders

GST Council Meeting Live: Additionally, the Council will deliberate on revising the rates of nearly 150 items during Saturday's meeting. This rate rationalization exercise is expected to help the Centre generate additional revenue of approximately Rs 22,000 crore.

Moneycontrol

GST Council Meeting Live: Rate cut on health insurance, ATF in focus - What's on the agenda?

The Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman, made significant decisions in its 55th meeting, aimed at streamlining the taxation system and curbing tax evasion. However, the council deferred a decision on reducing tax rates for insurance premiums, citing pending inputs, including recommendations from the Insurance Regulatory and Development Authority of India (IRDAI). Track and trace mechanism approved…

India TV News

Rajat Sharma

GST council approves key reforms, defers decision on insurance premium tax cuts

The Goods and Services Tax Council, during its 55th meeting in Jaisalmer, deferred a decision on potential tax changes for insurance premiums, including life and health policies, according to people in the know.The decision comes amid growing anticipation about whether these essential services would face a revised GST structure.Insurance premium revision on term life and health policies was one of the major agendas of the meeting. This follows r…

GST Council Postpones Decision To Cut Taxes On Health, Life Insurance Policies: Report

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