https://www.taxtmi.com/news?id=53105 States broadly support the Centre's proposal to exempt GST on individual life and health insurance premiums, subject to GST Council approval. GoMs reviewed the proposal within a wider rate-rationalisation package, with states urging a mechanism to ensure GST relief is passed to policyholders and highlighting fiscal revenue implications. The compensation-cess phase-out and repayment of pandemic-era loaned funds were also discussed, leaving the Council to finalise rate architecture and transitional measures. en-us Wed, 20 Aug 2025 21:16:03 +0530 Wed, 20 Aug 2025 21:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53105 States broadly support the Centre's proposal to exempt GST on individual life and health insurance premiums, subject to GST Council approval. GoMs reviewed the proposal within a wider rate-rationalisation package, with states urging a mechanism to ensure GST relief is passed to policyholders and highlighting fiscal revenue implications. The compensation-cess phase-out and repayment of pandemic-era loaned funds were also discussed, leaving the Council to finalise rate architecture and transitional measures. News - Wed, 20 Aug 2025 21:16:03 +0530 https://www.taxtmi.com/news?id=53105