GST Rejig Proposed: Life, Health Insurance Premiums Exempt; 5% on 20L Water, Bicycles; 28% on Shoes & Watches – News18
The GoM on GST rate rationalisation has decided to exempt GST on premiums paid for health insurance with coverage of Rs 5 lakh for individuals. The GoM proposes to reduce rates on several items and hiking on many, and the overall rejig is expected to yield a revenue surplus of Rs 22,000 crore. The GoM…
