54th GST Council Meeting – Highlights in 2 Mins!
🔹 Health & Life Insurance – GST
Nitin Gadkari: "Remove the 18% GST on health and life insurance premiums." (Apparently, this statement was made without his permission! 😅)
Ministry of Finance: "Hmm... if we agree, we lose tax. If we don’t, people will be upset.let's leave this to the Group of Ministers (GoM)!"
GST Council: "This could make people angry."
Ministry of Finance: "We know how to make them happy! Let’s drop GST on namkeens from 18% to 12%. Let them enjoy some bhujia and relax!"
🔹 The Good News
GST on cancer drugs slashed from 12% to 5%! A small win! 💊
#GSTCouncil #Farmers #HealthInsurance #NamkeenTax #FinanceFun
🔹 Health & Life Insurance – GST
Nitin Gadkari: "Remove the 18% GST on health and life insurance premiums." (Apparently, this statement was made without his permission! 😅)
Ministry of Finance: "Hmm... if we agree, we lose tax. If we don’t, people will be upset.let's leave this to the Group of Ministers (GoM)!"
GST Council: "This could make people angry."
Ministry of Finance: "We know how to make them happy! Let’s drop GST on namkeens from 18% to 12%. Let them enjoy some bhujia and relax!"
🔹 The Good News
GST on cancer drugs slashed from 12% to 5%! A small win! 💊
#GSTCouncil #Farmers #HealthInsurance #NamkeenTax #FinanceFun