News From Press Govt collects Rs 16,398 crore GST on health, life insurance in FY24: FinMin

Govt collects Rs 16,398 crore GST on health, life insurance in FY24: FinMin

Source: BS 3 hours ago

The revenue collected by the union government through Goods and Services Tax (GST) on healthcare and life insurance services surged by 680 per cent to Rs 16,398 crore in 2023-24 from Rs 2,101 crore in 2019-20, Minister of State for Finance Pankaj Chaudhary said in a written reply in Lok Sabha on Monday.

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