New Delhi, Aug. 14 -- A few days after Finance MinisterNirmala Sitharaman said that the debate around GST on insurance premium will be taken up by the GST Council, the body is likely to meet next month to discuss the issue,reportedBusiness Line.

It is worth recalling that Union Minister of Road, Transport and Highways Nitin Gadkari hadurged her to remove the 18 per cent GSTon life and medical insurance premiums as it leads to levying taxes on the uncertainties of life and restricts the sector's growth.

Based on representations from a number of quarters, these committees will prepare the groundwork for various proposals, which will then be presented before the Council.

The body will give its recommendations to be implemented by the Cent...