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GoM backs zero GST on insurance
The New Indian Express Chennai
|August 21, 2025
States broadly favour a full exemption of GST on life and health insurance policies
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 favours 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.
This story is from the August 21, 2025 edition of The New Indian Express Chennai.
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