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GST meet today, tax cut on insurance premium on agenda

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred. The...

Tribune News Service

Chandigarh, Updated At : 09:16 AM Dec 21, 2024 IST

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The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.

The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said consensus was needed to be built on some of the tax changes that the panel had suggested. Finance Minister Nirmala Sitharaman will chair the meeting in Rajasthan’s Jaisalmer on Saturday.

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