Union Minister of Road, Transport and Highways Nitin Gadkari has urged Finance Minister Nirmala Sitharaman to remove the 18 per cent Goods and Services Tax GST on Health and Life Insurance Premiums

Goods and Services Tax GST on Health and Life Insurance Premiums

Nitin Gadkari has expressed concern to Finance Minister Nirmala Sitharaman about the Goods and Services Tax GST on health and life insurance premiums. He described this as “taxing the uncertainties of life,” suggesting that it feels unfair to impose a tax on essential insurance policies that help manage unpredictable life events.

He wrote a letter regarding the same to the Finance Minister Nirmala Sitharaman

Nitin Gadkari Letter

Current GST rates applicable in Health and Life Insurance Premiums

Screenshot 2024 08 02 182531

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