GST Council meet key decisions: Clarity on tax rate on popcorn, GST rate on sale of used cars increased, says report

GST Council meet key decisions: Clarity on tax rate on popcorn, GST rate on sale of used cars increased, says report

GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST Council Meeting latest update: The ongoing 55th GST council meeting in Jaisalmer is addressing crucial taxation matters, including revisions for AAC blocks, fortified rice and flavoured popcorn categories.According to ET’s Deepshikha Sikarwar, the…

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