https://www.taxtmi.com/news?id=53073 The Centre proposed exempting individual life and health insurance policies from GST, which currently applies to premiums. A 13 member Group of Ministers will submit a report to the GST Council that includes states' views; the Council will take the final decision on rates. The insurance proposal forms part of a broader Next Gen GST reform considering multiple rate bands, and the GoM is mandated to recommend tax rates for life and health insurance by the prescribed deadline. en-us Wed, 20 Aug 2025 18:01:04 +0530 Wed, 20 Aug 2025 18:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53073 The Centre proposed exempting individual life and health insurance policies from GST, which currently applies to premiums. A 13 member Group of Ministers will submit a report to the GST Council that includes states' views; the Council will take the final decision on rates. The insurance proposal forms part of a broader Next Gen GST reform considering multiple rate bands, and the GoM is mandated to recommend tax rates for life and health insurance by the prescribed deadline. News - Wed, 20 Aug 2025 18:01:04 +0530 https://www.taxtmi.com/news?id=53073