On 21 December 2024 (Saturday), the 55th meeting of the GST Council was held in Jaisalmer. In this meeting, many decisions have been taken regarding GST rates. At the same time, many decisions have been postponed to the next meeting. In this article, we are telling you what was decided in the GST Council meeting.

More tax will be levied on used cars.
The GST Council has changed the GST rates of EVs and used cars. Now 18 percent GST will have to be paid on buying second-hand EV cars from auto companies and dealers. However, if a person sells an EV car to another person, then no GST is levied on it. At the same time, if the dealer adds the value of the EV, then 18 percent GST will be levied on the margin value. 5 percent GST will be levied on the new EV car.

No new tax will be levied on popcorn.
Till now there is no tax on popcorn, but in this meeting, it has been decided to impose three types of taxes on popcorn. Now 5% GST will be levied on mixed ready-to-eat popcorn. 12% GST will be levied on labeled popcorn and 18% GST on caramel popcorn.

No decision on insurance and food orders

No decision has been taken on reducing or removing GST on health insurance and life insurance. Apart from this, no decision has been taken on reducing or increasing the GST rate on orders from other food delivery companies like Zomato and Swiggy. The decision on insurance and food orders has been postponed.

Apart from this, bringing petrol and diesel under the GST ambit was also discussed in the meeting. The members of the meeting opposed this. This means that petrol and diesel will not be included in the ambit of GST for now.

Decisions were taken on these things.

There has been no change in the GST rates on hotels and restaurants in the meeting.

There has been no discussion on GST on online gaming.

As per the decision taken in the meeting, 5% GST will be levied on clothes up to Rs 1,500. 12% GST will be levied on clothes costing between Rs 1,500 and Rs 10,000. 28% GST will be levied on clothes costing more than Rs 10,000.

Fortified rice was earlier taxed at 12%. Now it has been reduced to 5%.

A decision was taken in the meeting to make gene therapy for cancer tax-free.

ACC bricks used in construction that contain more than 50% fly ash were taxed at 18% GST. Now only 12% GST will be levied on it.

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