Opposition Parties Plan Protest Against GST on Insurance Premiums

Several opposition parties are planning a protest in the Parliament complex to demand the rollback of the 18% GST on life and health insurance premiums. Trinamool Congress MPs, along with party leader Mamata Banerjee and Union Minister Nitin Gadkari, have urged Finance Minister Nirmala Sitharaman to reconsider the tax.

Several opposition parties are planning to stage a protest in the Parliament complex on Tuesday to press for the rollback of the 18 per cent GST on life and health insurance premiums.

Sources said on Monday that opposition parties were coordinating on the issue for a joint protest to pile pressure on the government during the ongoing budget session.

Trinamool Congress MPs have raised the issue in Parliament, and party supremo and West Bengal Chief Minister Mamata Banerjee has written to Union Finance Minister Nirmala Sitharaman on the matter.

Union minister Nitin Gadkari also wrote to Sitharaman and urged her to consider withdrawing the GST, which he said amounted to taxing uncertainties of life and restricting the industry's growth.