Many states wary of lower GST on health, life covers

The GST Council is preparing to debate lower taxes on health and life insurance, but states worry about revenue loss. The meeting will also cover online gaming and GST clarifications for branches. Consumers are watching closely as the current 18% tax on insurance premiums could be reduced.

Sep 6, 2024 - 07:00

Many states wary of lower GST on health, life covers

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The GST Council is preparing to debate lower taxes on health and life insurance, but states worry about revenue loss. The meeting will also cover online gaming and GST clarifications for branches. Consumers are watching closely as the current 18% tax on insurance premiums could be reduced.