BusinessGST Council to Allow ITC on Group Insurance, Ease Rates on Rare Disease Drugs
The GST Council is expected to approve input tax credit (ITC) on group insurance and reduce GST rates on rare disease drugs and pharmaceutical services. The Centre will propose a five-pronged reform plan at the GST Council meeting scheduled for October 8. The reforms may also include decriminalising certain GST violations, limiting tax officers' arrest powers.
Moneycontrol.com·



