The GST Council postponed the decision to reduce the Goods and Services Tax rates on health and life insurance premiums during its 55th meeting on Saturday, according to Bihar's Deputy Chief Minister Samrat Chaudhary, who also leads the Group of Ministers (GoM) on insurance.
Noting that further discussions are necessary, Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the Council.
