Mamata Banerjee writes to Finance Minister to remove GST from life and health insurance

GST: West Bengal Chief Minister Mamata Banerjee seems angry over the GST (Goods and Services Tax) levied on life and health insurance premiums. He has written to Union Finance Minister Nirmala Sitharaman to remove GST from the premiums of these two types of insurance. In a letter to Nirmala Sitharaman, she said the 18 per cent GST on life and medical insurance premiums is anti-people. In the letter, he has demanded that GST be removed from both these types of insurance. In a letter to Union Finance Minister Nirmala Sitharaman on Friday, the TMC said it would protest if GST is not withdrawn, saying the main purpose of life and health insurance is to provide financial security and help in unforeseen events like illness. Accident and untimely death should give. On Thursday, a day before writing to the finance minister, in a social media post, he wrote that his Trinamool Congress (TMC) would protest if the Center did not withdraw GST from life and health insurance premiums. Also Read: CM Mamata Banerjee in her letter says it will be easy to travel from Kumla in Jharkhand to Patalgaon in Chhattisgarh and 4-lane road will be built by GST I give you life and health With deep regret, 18 percent GST on insurance policies and insurance products and 80C of the Income Tax Act And I am writing about refund of tax deductions under 80D. To me this is very anti-people. He said the imposition of GST on insurance premiums would increase the financial burden on the common man. Due to the fear of increasing financial burden, many are reluctant to continue their existing coverage and most do not take out a policy. Also read: Gold washed away in monsoons turned plump, clouds dulled silver.