FM Sitharaman addresses controversy over Gadkari's letter for removal of GST on health insurance



On August 8, 2024, Union Finance Minister Nirmala Sitharaman addressed the Rajya Sabha and mentioned that a letter from Transport Minister Nitin Gadkari requesting the removal of the 18% Goods and Services Tax (GST) on health and life insurance premiums was released without permission. She also noted that the tax on medical insurance existed before the GST. Watch!

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28 thoughts on “FM Sitharaman addresses controversy over Gadkari's letter for removal of GST on health insurance”

  1. This lady is an accomplished liar. She says that tax was levied on insurance premium by State Governments even prior to the introduction of GST (it was called Service Tax). But she cleverly forgets to say that the rates of the tax were much lower during those years. If my data sourced from the internet is correct it was less than 5%. She has almost quadrupled the rate to 18% GST.

    Reply
  2. The grievance is tax is high. Poor voters who gave 240 MPs and middle class want to waive tax on insurance premium
    Reduction in income tax.

    She takes shelter in Congress ' policies in the past history to justify her decision. But her policies are intended for future generations, ignoring present generation. I am sure our future FM will be capable to look after his generation without any policy from 2024 finance minister

    Reply
  3. Between all said and done, Nirmala ji please consider the genuine appeal for not levying GST on health insurance to become more affordable and thereby more inclusive growth of members. Any clever policy maker with humanity will deplore the same.

    Reply

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