GST Council likely to meet in November after state elections, set to accept GoM report on insurance premium

The GST Council is likely to meet at the end of the month, after Maharashtra and Jharkhand elections, and is set to accept the final report by the Group of Ministers on lower interest rates for life and health insurance premiums. CNBC-TV18 reported citing sources that the GoM is likely to proposed a GST exemption on premium paid for term insurance for individual as well as for families. This exemp…