Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22
1 month, 1 week ago

Nirmala Sitharaman to meet State FMs for pre-Budget, GST Council meet on Dec 21-22

The Hindu  

Union Finance Minister Nirmala Sitharaman is likely to meet her State counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an official said. The 55th GST Council meeting would be held during one of these two days in which the much-awaited decision on exemption or lower GST rate on health and life insurance would be taken. Last month, the group of ministers on health and life insurance GST broadly agreed on exempting insurance premiums paid for term life insurance policies, and senior citizens' health insurance from GST. Separately, the GoM on GST rate rationalisation has also suggested that the GST Council rejig tax rates on a host of goods, including packaged drinking water, bicycles, exercise notebooks, luxury wristwatches, and shoes.

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