By earn 
GST relief on health insurance may lead to Rs 3,500 crore revenue loss, says govt official 📊
📮 A proposal to exempt health insurance policies from the 18 percent goods and services tax (GST) could deal a Rs 3,500 crore blow to government revenues annually, according to a senior official who is part of the Fitment Committee considering the plan ahead of the GST Council’s September 9 meeting.
📮 “If we exempt full health insurance, the loss will be almost Rs 3,500 crore. If approved by the Council in the meeting on September 9, ” Exemption of health insurance from GST will cause a huge revenue loss,” the official said, requesting anonymity.
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