GST Council likely to take up insurance tax relief at next meeting, GoM may stick to full exemption proposal

The Goods and Services Tax (GST) Council is likely to take up the long-pending issue of tax relief for life and health insurance premiums at its next meeting, possibly before the monsoon session of Parliament, people familiar with the development told Moneycontrol, with the Group of Ministers (GoM) likely backing a full GST exemption on term life insurance along with health cover for senior citize…