Gadkari's grievances might push GST Council into reconsidering levy on insurance premiums

A leaked letter from Union Minister Nitin Gadkari to Finance Minister Nirmala Sitharaman has sparked discussions on removing GST from insurance premiums. The GST Council, chaired by Sitharaman, will meet today to discuss this and other topics like rate rationalisation and online gaming. Gadkari argues that taxing life insurance premiums is unfair and deters growth in the sector. However, several states oppose the proposal due to potential revenue losses. The meeting will explore options to balance consumer benefits and state revenues.