Panels on GST rate rationalisation, cutting tax on insurance premium to meet on Saturday

The GST Council's ministerial panels will meet on October 19 to discuss reducing the 18 per cent GST on health and life insurance premiums. They will also consider GST rate rationalisation, including merging 12 and 18 per cent slabs, and reallocating items into lower tax brackets. The GoM will submit their report by the end of the month.
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