New GoM on health insurance to submit report by Oct; Council may take a call on 18% GST levy in Nov
The 54th meeting of the GST Council on Monday (September 9, 2024) chaired by Finance Minister Nirmala Sitharaman took several decisions, including two status reports that were submitted.
Ms. Sitharaman announced the formation of a Group of Ministers (GoM) to look into the 18% GST levy on insurance. “We have told them to come up with a report by the end of October and the GST Council will meet in November and finalise the decision based on the GoM’s recommendation,” she said. .
