GST Waiver On Health Insurance To Cost Bengal Rs 900 Crore Annually: Mamata Banerjee

The current GST on health insurance is 18% and share of state revenue is 9%.

The chief minister, however, cautioned that the benefit should not be diluted by insurers. “We have to ensure that insurance companies do not raise tariffs after the GST cut. The purpose is to reduce the burden on families,” she added.