Image credits - Probus Insurance
West Bengal Chief Minister Mamata Banerjee has urged the Government of India to reverse the Goods and Services Tax (GST) imposed on life and medical insurance premiums, citing concerns over public health and financial well-being. In a strong statement posted on social media, Banerjee criticized the GST as detrimental to individuals’ ability to afford essential health coverage and insurance.
“The GST on life and medical insurance premiums is harmful because it negatively impacts people’s capacity to take care of their fundamental health needs,” Banerjee asserted. She emphasized that the tax exacerbates financial burdens on citizens, making it more difficult for them to secure necessary insurance coverage amidst rising healthcare costs.
Banerjee’s demand reflects growing discontent among state leaders and the public regarding the impact of GST on vital services. She warned that if the central government does not address the rollback request, there could be significant public demonstrations and protests organized by her administration.
The Chief Minister’s statement comes at a time when the GST’s impact on various sectors is under scrutiny, with many advocating for adjustments to tax policies to better support citizens’ needs. The West Bengal government’s stance on this issue highlights the ongoing debate about balancing tax revenue with the affordability of essential services.
The central government’s response to Banerjee’s demand and potential subsequent actions will be closely watched, as it may influence broader discussions on tax policies and their implications for public welfare.