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OFFICE OF THE GOODS AND SERVICES TAX COUNCIL
SECRETARIAT
5th Floor, Tower-II, Jeevan Bharti Building, Connaught Place, New Delhi-110001
F.No. 406/GoMonLife&HealthInsurance/GSTC/2024 15-09-2024
OFFICE MEMORANDUM
Subject: Constitution of Group of Ministers (GoM) on Life and Health
Insurance
In its 54th Meeting held on 09.09.2024 in New Delhi, the GST Council discussed
the need to holistically look into the issues pertaining to GST on life insurance and
health insurance.
2. In the aforesaid meeting, the GST Council recommended to constitute a
GoM to look into the issues related to GST on life insurance and health insurance.
Accordingly, a Group of Ministers on Life and Health Insurance is being
constituted with the following composition:
S.No
Name
Designation and State
Position
1
Sh. Samrat Choudhary
Deputy Chief Minister, Bihar
Convenor
2
Sh.Suresh
Kumar
Khanna
Minister
of
Finance,
Parliamentary Affairs, UP
Member
3
Sh. Gajendra Singh
Minister of Medical Health and
Services (ESI), Rajasthan
Member
4
Smt.Chandrima
Bhattacharya
Finance Minister, West Bengal
Member
5
Sh. Krishna Byre Gowda Minister
for
Revenue,
Karnataka
Member
6
Sh. K. N. Balagopal
Minister for Finance, Kerala
Member
7
Sh. Payyavula Keshav
Minister for Finance, Planning,
Commercial
Taxes
and
Legislative
Affairs,
Andhra
Pradesh
Member
8
Dr. Pramod P. Sawant
Chief Minister, Goa
Member
406/GoMonLifeandHealthInsurance/GSTC/2024
I/97359/2024
9
Sh. Kanubhai Desai
Minister for Finance, Gujarat
Member
10
Sh. Conrad K. Sangma
Chief Minister, Meghalaya
Member
11
Sh. Harpal Singh
Cheema
Finance Minister, Punjab
Member
12
Sh.
Thangam
Thennarasu
Minister
for
Finance
and
Human
Resources
Management, Tamil Nadu
Member
13
Sh. Mallu Bhatti
Vikramarka
Deputy
Chief
Minister
and
Minister for Finance, Telangana
Member
3. The Terms of Reference for the GoM on Life and Health Insurance is
(i) to examine and review the present tax structure of GST on life and medical
insurance and
(ii) to suggest GST rates on
(a) health / medical insurance including individual, group, family floater and other
medical insurance for various categories like senior citizens, middle class, persons
with mental illness, etc;
(b) life insurance including term insurance, life insurance with investment plans,
whether individual or group; and
(c) and re-insurance of the above.
4. The GoM is to submit the report by 30th of October 2024.
5. JS(TRU-II) shall provide necessary secretarial assistance to the GoM.
This issues with the approval of competent authority.
(RESHMA R KURUP)
UNDER SECRETARY
To,
The Hon'ble Members of the GoM.
Copy to:
1. PS to Hon'ble Minister of Finance, Government of India, North Block, New
Delhi;
406/GoMonLifeandHealthInsurance/GSTC/2024
I/97359/2024
2. PS to Hon'ble Minister of State (Finance), Government of India, North Block,
New Delhi;
3. The Nodal Officers of the States of Bihar, Uttar Pradesh, Rajasthan, West
Bengal, Karnataka, Kerala, Andhra Pradesh, Goa, Gujarat, Meghalaya,
Punjab, Tamil Nadu and Telangana with the request to intimate the Hon’ble
Minister regarding their nomination as Members of the Group of Minister on
Life and Health Insurance
4. The Revenue Secretary, North Block, New Delhi;
5. The Chairman, CBIC, North Block, New Delhi;
6. Joint Secretary, TRU-II, CBIC
7. All members of Fitment Committee
8. Nodal officers of all the States.
UNDER SECRETARY
406/GoMonLifeandHealthInsurance/GSTC/2024
I/97359/2024
