In its 54th assembly on Monday (September 9), the GST Council reached a broad consensus on decreasing taxes on well being and life insurance coverage premiums, with a remaining choice slated for the November assembly. The Council was chaired by Union Finance Minister Nirmala Sitharaman. After the assembly, Sitharaman briefed reporters, stating that the Council has determined to type two new Groups of Ministers (GoMs): one specializing in medical and medical health insurance, and the opposite on compensation cess. These GoMs will additional discover the proposed adjustments and current their suggestions on the upcoming assembly.