GST Exemption For Senior Citizen Health Insurance Premiums Under Consideration

A state ministerial panel is likely to exempt senior citizen health insurance premiums from GST, aiming to ease the financial burden on the common man. The panel also recommended exempting GST on health insurance premiums up to ₹5 lakh for individuals. A final decision will be made by the GST Council next month, alongside proposed adjustments to tax rates on various goods.