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GoM Backs Zero GST on Insurance

The New Indian Express Kozhikode

|

August 21, 2025

States broadly favor a full exemption of GST on life and health insurance policies

- Pushpita Dey @ New Delhi

UNDER the proposed goods and services tax (GST) reform agenda, most states have agreed to a zero tax on individual health and life insurance premiums, currently taxed at 18%, Bihar Deputy Chief Minister Samrat Choudhary said after a meeting of the Group of Ministers (GoM) on insurance.

Choudhary, who heads the 13-member GoM, said the panel will submit its detailed report to the GST Council by October for deliberation.

While the GoM broadly favors a full exemption for individual health and life insurance policies, some states have flagged revenue loss concerns that could shape the final outcome at the GST Council's October meeting.

FLERE HISTORIER FRA The New Indian Express Kozhikode

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Handwriting doesn’t match in Satara doc’s rape-suicide

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The New Indian Express Kozhikode

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The New Indian Express Kozhikode

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Apartments priced ₹1 cr or more account for 62% of total sales during Jan-Sept

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THE COUGH SYRUP CATASTROPHE

HE recent spate of child deaths in India from contaminated cough syrups starkly exposes a grave systemic failure in the nation’s pharmaceutical regulation. In early October 2025, at least twenty-four children in Madhya Pradesh’s Chhindwara district died of acute kidney failure after consuming Coldrif syrup—a medicine prescribed for the common cold. Three more fatalities in Rajasthan’s Sikar and Bharatpur districts, linked to another dextromethorphan-based syrup from Kaysons Pharma, brought the toll to twenty-seven.

time to read

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