GST Reforms Were in Making for 1.5 Years: Nirmala Sitharaman

GST Reforms Were in Making for 1.5 Years: Nirmala Sitharaman

Get latest articles and stories on Business at LatestLY. Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman said at an NDTV summit Tuesday. Business News | GST Reforms Were in Making for 1.5 Years: Nirmala Sitharaman.

Starting Now, Customers Can Avail GST Reform Benefits On Health And Life Insurance

Some insurance and online brokers have begun offering GST-less premiums to Indians, nearly two weeks ahead of the goods-and-services-tax reforms coming into play. The reforms, which include GST being reduced from 18% to 0% on health and life insurance plans. This implies that those Indian households eyeing to secure themselves in the face of life's uncertainties at a cheaper, more affordable rate do not have to wait for Sept. 22.