GoM on Life & Health Insurance pitches for full GST exemption on premiums

The Group of Ministers (GoM) on life and health insurance has discussed four options regarding tax treatment on premiums paid towards both policies, at its meeting in New Delhi on Saturday. At present, 18% GST levied on life and health insurance premiums. Most of the panel members of the GoM led by Bihar Deputy Chief Minister Samrat Chaudhary pitched for “full exemption” on both the po…