GST Council meet tomorrow; rate rationalisation, taxation of insurance premium in focus

The GST Council is set to convene on Monday to address several key issues, including the taxation of insurance premiums, the Group of Ministers’ (GoM) recommendations on rate rationalisation, and an update on online gaming taxation. Insurance premium taxation The Council will examine a report from the fitment committee on the GST imposed on life, health, and reinsurance premiums. The discuss…