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GST Council meeting begins: Tax rate on electric cars, food delivery apps and flavoured popcorn on cards
The 55th GST Council meeting in Jaisalmer deliberated on tax relief for insurance, increasing the tax rate on used EVs to 18%, clarifying the levy on food delivery apps, and potentially exempting gift vouchers from GST. A final decision on reducing insurance premiums and raising taxes on luxury items is pending, with states holding divergent views on certain proposals.
Jaisalmer: The goods and services tax council meeting, it’s 55th since the roll of the indirect tax, began here Saturday.
A host of issues are on the agenda including tax relief for term and health insurance and gift vouchers.
The apex decision making body for GST, chaired by union finance minister Nirmala Sitharaman, is also deliberating increase in tax rate on used cars including electric ones to 18% from 12% now and a clarification on the levy of tax on food delivery apps and flavoured popcorn.
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