GST Council will now charge three types of taxes on one popcorn

Today in this block we will tell you what new rules GST Council has made for tax. The government will now levy tax on popcorn in three ways. 5% GST will be levied on salted popcorn sold in the open, 12% on pre-packaged and 18% GST if sold with caramel. On the other hand, GST on fortified rice has been reduced from 12% to 5%. These decisions were taken in the 55th meeting of the GST Council held in Jaisalmer on Saturday. However, the decision to reduce tax on the much-awaited insurance policy was postponed for some more time due to the ongoing deadlock over inputs. The council has exempted gene therapy used in the treatment of cancer from tax. If the ACC block used in construction is made of more than 50% fly ash, then 12% GST will have to be paid instead of 18%. 18% GST will no longer be levied on the penalty charge levied by banks on home loan borrowers. Meanwhile, the Group of Ministers' recommendation to change the tax rate on 148 items was not placed before the Council. And Finance Minister Nirmala Sitharaman chaired this meeting.

These decisions were also taken

Soon on penalty for OTT, online coaching

Fresh and dry black pepper exempted from GST.

18% GST will have to be paid on the profit earned in the purchase and sale of old EV vehicles.

Now one popcorn, 3 types ...

• The GST department will monitor the entire process of high tax evasion scene goods like pan masala and cigarettes. With this, the department will have data on how much goods were brought from where and how many pan-gutkha cigarettes were prepared from it. States do not agree on bringing ATF under the purview of GST: After the meeting, Nirmala Sitharaman said that the states were not comfortable about bringing aviation turbine fuel (ATF) under the purview of GST. They did not want ATF, as they see it in the category of raw petroleum-diesel product. Therefore, the status quo remains on this.

Two-wheeler battery cost has reduced by more than half in 5 years. However, this cost is still 15-20% higher. GM Neeraj Bhargava of the leading manufacturer company De Usui Motor says that the running cost of EV autos is very low. They cover an average distance of 200 km. Diesel autos cost Rs 700. EV charging costs only Rs 40. This way the cost comes to 55 paise per km. Rs 18,000 can be saved by shifting from diesel to EV. Charging time has also come down to less than 4 hours.