GoM Chairman for GST Insurance Exemption
The Group of Ministers (GoM) tasked with proposing Goods and Services Tax (GST) exemptions on life and health insurance policies for individuals was chaired by Samrat Choudhary.
This proposal was reportedly considered in August 2025, aiming to reduce the tax burden on essential insurance products for individuals.
Key Points
- GoM Focus: The Group of Ministers examined the applicability of GST on specific insurance categories.
- Proposed Action: Recommendation to exempt GST on life and health insurance for individuals.
- Chairman: Samrat Choudhary led the ministerial group.
- Timeline Context: The discussion and proposal were associated with August 2025.
Important Questions from Committees and Recommendation
In order to review the Income Tax Act, 1961 and to draft a new Direct Tax
Law in consonance with economic needs of the country, the Government of India in November 2017 has constituted a Task Force. Who among the following is made the convenor of it?Who among the following is the Chairman of the Interdisciplinary Committee constituted recently by the Government of India to examine framework for virtual currencies?
Who among the following was appointed as head of the seven member committee to look into revenue shortfall being faced by the states after the GST roll-out in India and suggest steps for augmenting collections?
The Justice Rajendar Sachar Committee was set up by the Government of India to:
The Kelkar Committee 2015 is related to the ________.
