406/GoMonLifeandHealthInsurance/GSTC/2024

I/97359/2024

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 andhealth insurance.
2.
In the aforesaid meeting, the GST Council recommended to constitute aGoM 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

1

Sh. Samrat Choudhary2

Sh.Suresh
Khanna3

Sh. Gajendra Singh

4

Designation and State

Position

Deputy Chief Minister, Bihar

ConvenorofFinance,
Kumar Minister
Parliamentary Affairs, UP

Member

Minister of Medical Health andServices (ESI), RajasthanMemberMember6

Smt.Chandrima
Finance Minister, West Bengal
BhattacharyaforRevenue,Sh. Krishna Byre Gowda Minister
Karnataka
Sh. K. N. Balagopal
Minister for Finance, Kerala

7Sh. Payyavula Keshav

Member8Dr. Pramod P. Sawant

Minister for Finance, Planning,
Commercial
Taxesand
Legislative Aﬀairs, Andhra
PradeshChief Minister, Goa

5MemberMemberMember406/GoMonLifeandHealthInsurance/GSTC/2024

I/97359/2024

9Sh. Kanubhai Desai

Minister for Finance, Gujarat

Member

10Sh. Conrad K. Sangma

Chief Minister, Meghalaya

Member

11Sh. Harpal SinghFinance Minister, Punjab
CheemaSh.
Thangam Minister for Finance andThennarasu
HumanResourcesManagement, Tamil Nadu
Sh. Mallu Bhatti
Deputy Chief Minister andVikramarka
Minister for Finance, Telangana

1213

MemberMemberMember

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 medicalinsurance and(ii) to suggest GST rates on(a) health / medical insurance including individual, group, family ﬂoater and othermedical 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 SECRETARYTo,
The Hon'ble Members of the GoM.

Copy to:1. PS to Hon'ble Minister of Finance, Government of India, North Block, NewDelhi;

406/GoMonLifeandHealthInsurance/GSTC/2024

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2. PS to Hon'ble Minister of State (Finance), Governmentof India, North Block,New Delhi;
3. The Nodal Oﬃcers of the States of Bihar, Uttar Pradesh, Rajasthan, WestBengal, 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 onLife 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 Committee8. Nodal officers of all the States.

UNDER SECRETARY