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Sneha Goyal

Messed up GST

GST rates on

• Diamonds : 1.5 %
• BMW i series : 05 %

GST Rates on

• Medicines : 5-18%
• Health Insurance : 18%

"Health insurance should be tax-free and so should be medicines” but instead luxurious products are nearly tax free. more  

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H.P. Gurg
Thanks for your reply. On Thu, Nov 6, 2025 at 12:11 PM MOHIT PANDE wrote: > > MOHIT PANDE > MOHIT PANDE commented on the Post > MOHIT wrote: "Dear Mr. Garg,This has happened as there is No Application > of Mind by FM and GST Council. It is logical whether it is individual or > group health insurance there should be no GST. Regards,Mohit Pande  On > Thursday, November 6, 2025 at 09:40:31 AM GMT+5:30, H.P. Gurg wrote: H.P. > Gurg H.P. Gurg commented on the Post H.P. wrote: "We have Group Health > Insurance Policy for Senior Citizens. I understand that this is not > exempted from 18% GST. This is not right. Govt must reconsider it and > exempt it from 18% GST." View/Comment Reply to this email to post a > comment." > View/Comment > Reply > to this email to post a comment. > more  
MOHIT PANDE
Dear Mr. Garg,This has happened as there is No Application of Mind by FM and GST Council. It is logical whether it is individual or group health insurance there should be no GST. Regards,Mohit Pande   On Thursday, November 6, 2025 at 09:40:31 AM GMT+5:30, H.P. Gurg wrote: H.P. Gurg H.P. Gurg commented on the Post H.P. wrote: "We have Group Health Insurance Policy for Senior Citizens. I understand that this is not exempted from 18% GST. This is not right. Govt must reconsider it and exempt it from 18% GST." View/Comment Reply to this email to post a comment. more  
H.P. Gurg
We have Group Health Insurance Policy for Senior Citizens. I understand that this is not exempted from 18% GST. This is not right. Govt must reconsider it and exempt it from 18% GST. more  
Aashok Kumar Sharma
From a tax‑policy fairness point of view: it seems inconsistent that diamond (a luxury) is taxed very lightly while something like insurance (which has social welfare implications) was taxed much more — until the recent reform. From an administrative/policy reason point of view: there may be reasons why diamond/precious‐gem sector has very low GST (to promote exports, etc) while insurance was at 18% because it was considered a financial service. Importantly: the reform to exempt individual health & life insurance from GST is positive, and addresses one perceived unfairness. But the real test is whether the benefit reaches consumers (via lower premiums or higher take‑home value) rather than just a headline rate change. more  
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