Senior citizen health cover, term insurance likely to be GST-free
A group of state finance ministers is leaning towards exempting GST on term insurance plans and health insurance for seniors. They are also considering raising GST on luxury items like expensive watches and shoes to 28%, while reducing it for common-use goods like notebooks and bicycles.
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A group of state finance ministers is leaning towards exempting GST on term insurance plans and health insurance for seniors. They are also considering raising GST on luxury items like expensive watches and shoes to 28%, while reducing it for common-use goods like notebooks and bicycles. 
