New Delhi: GST Council meeting was held yesterday in Jaisalmer, Rajasthan, which was presided over by Finance Minister Nirmala Sitharaman. A new order has come in this meeting regarding ready to eat popcorn. Now ready-to-eat popcorn sold in malls and restaurants has been brought under the tax net.

What is cheap and expensive?

During the meeting chaired by Union Finance Minister Nirmala Sitharaman, GST rates were increased on many things, while the decision to reduce GST rates on some things was postponed. Let us know which things became cheaper and costlier during the tenure of the Union Finance Minister and Minister of State for Finance. 1. 18% GST on hotels and restaurants remains intact. 2. Currently no GST on online gaming. 3. Now 12% GST on ACC block (containing more than 50% fly ash). Media reports are saying that 4. Kali No GST on chillies and raisins (supplied by farmer) 5. Zero percent on old EV (second hand) 6. 5% GST on popcorn prepared with salt and spices 7. 12% GST on packaged and labeled popcorn 8. 18% GST on caramel popcorn 9. Decision on tax rates on food delivery platforms like Swiggy and Zomato postponed 10. No time limit on compensation cess and decision on rationalizing rates Postponed 11. Decision on tax cut on insurance premium postponed 12. No consensus reached on bringing jet fuel (ATF) under the ambit of GST 13. Banks or financial No GST will be payable on penal charges charged by institutions on borrowers 14. Amendments recommended in the definition of pre-packaged and labeled goods 15. Rates of fortified rice reduced by 5%. Gene therapy has been completely exempted. Also read…