MASSIVE GST REFORMS AS PER THE ANNOUNCEMENT OF OUR HON'BLE PRIME MINISTER OF INDIA IN THE INDEPENDENCE DAY SPEECH

MASSIVE GST REFORMS AS PER THE ANNOUNCEMENT OF OUR HON'BLE PRIME MINISTER OF INDIA IN THE INDEPENDENCE DAY SPEECH :

INDIVIDUAL LIFE AND HEALTH INSURANCE IS GST FREE NOW : GROUP INSURANCE HAS 18% GST TO STAY

Dear Readers,

A  massive GST Reform has been done and announced yesterday, on 04-September-2025, after the 56th GST council meeting, as per the independence day Speech of our Hon'ble Prime Minister of India, His Excellency Shri Narendra Modi Ji, very candidly and graciously announced on 04-Sep-2025, by Her Excellency Ms. Nirmala Sitharaman Ji, Chairperson of GST Council of India and Hon'ble Finance Minister of India. 

You can read all details comprehensibly from the Press Release of Government of India through the PIB Release to have total idea of this subject, I am giving the link below:

This Massive GST Reform Package will give lot of relief to the Common People of India and will work as the Rejuvenating Booster Dose to Indian Economy for Robust Growth, do not listen to any nay sayers' views and write off the nay sayers of it. I SAY ASSERTIVELY THAT IT IS A MASSIVE BOOSTER DOSE TO REJUVENATE THE INDIAN ECONOMY IN THE ROBUST GROWTH PATH, WHILE MANY ECONOMIES OF THE WORLD ARE ON SINKING MOVE. HOPE FOR THE BEST MOST OPTIMISTICALLY, OUR NATION IS IN RIGHT HANDS. 

Notably what will be most interesting to the people here as the Hot Topic of current times:

a) GST has been made NIL ON INDIVIDUAL LIFE AND HEALTH INSURANCE POLICIES. ...That will help everyone in India who go for Individual and Direct Insurance Policies. Further the "Ayushman Bharat" and Super Senior Citizen 70 or 70+ years Free Health Insurance Schemes of Government of India are there. 

b) GST @18% ON GROUP HEALTH INSURANCE POLICIES will stay as it is largely the Employers, the Corporates use for acquiring facilities for their Employees, it is justified and in fairness that they should pay the GST on Group Insurance Facilities they avail and it is Justified in the National Interest. 

Do read and know more about this Massive GST Reforms announced by Government of India in your own benefit and the larger benefit of the Nation of India. 

Best regards,
Dr. Nimain Charan Biswal,
Mumbai, India


About the Author : Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 39+ years of work experience in Social, both industrial and Development sectors in diversified fields of Social Importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in Social, industrial sectors, management in Agriculture and Dairy, Management of Cooperatives, Development Management to management of Public Systems. He is a prominent professional of India and known Internationally as well. He is also a Political Strategist. He lives at Mumbai in India.

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