GST Council likely to meet soon after winter session, insurance to be in focus

In a meeting on October 19, members of a GoM advocated exempting premiums paid on health insurance for senior citizens and term life insurance.  The GST Council is likely to meet immediately after the winter session of the Parliament. The 55th meeting will be crucial especially for the GST rate rejig on insurance products and on many other items such as the 20-litre bottled water, bicycles, e…