States get nearly 75% of health, life insurance GST: FM
Wednesday, 7 August 2024
Finance Minister Nirmala Sitharaman addressed the Opposition's call to remove GST on health and life insurance, highlighting that three-quarters of the collected revenue goes to states. She reminded that taxes on medical insurance existed pre-GST and urged protesters to engage with state finance ministers. Around Rs 12,264 crore of collected GST last year went to states.
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