Quick Summary
The GoM meeting held on 25th September 2024, ended without a final decision on the proposal to reduce GST rates on life and health insurance. According to sources, the discussion touched on various aspects but was deferred for further deliberation in the next meeting, scheduled for October 19 in New Delhi. The GoM, chaired by Bihar Deputy Chief Minister Samrat Chaudhary, plans to address insurance-related matters, including proposals for senior citizen medical insurance, life insurance, term
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FAQ :
The GoM meeting was held on 25th September 2024.
No, the GoM meeting ended without a final decision on the proposal to reduce GST rates for life and health insurance.
The next GoM meeting is scheduled for October 19th in New Delhi.
The GoM was chaired by Bihar Deputy Chief Minister Samrat Chaudhary.
The GoM plans to address proposals for senior citizen medical insurance, life insurance, term life insurance, and group insurance.
Yes, the committee failed to agree on the abolition of GST rate brackets, with West Bengal and Karnataka among the states opposing the shift.
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