The GST Council has not recommended reduction of the 18 per cent GST rate on health insurance schemes, Finance Minister Nirmala Sitharaman told the Parliament on Monday.
At present, GST on health insurance services is levied at a standard rate of 18 per cent.
"Health insurance, like majority of other taxable supplies, is standard rated at 18 per cent. In pre-GST regime also, health insurance was standard rated," Sitharaman told the Lok Sabha in a written reply.
