GST exemption on Rs 5 lakh health insurance? What the big tax relief could mean for middle-class Indians

GST council may scrap 18% tax on Rs 5 lakh health insurance — Massive relief coming for middle-class families? The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to reports, the Group of Ministers (GoM) constituted on insurance matters may recommend full GST exemption on life insurance and health insur…