GST Council Increases Tax On Used EV Car Sale By Business
NDTV
The goods and services tax council has decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses.
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
The GST Council in its 55th meeting also decided to clarify on taxability of popcorn, saying caramelised popcorn will continue to attract tax at the rate of 18 per cent. However, pre-packed and spiced popcorn will attract 12 per cent, while 5 per cent will be levied on unpacked and unlabelled ones.
It has been decided to regularise the issues for the past on "as is where is" basis... "It is a clarification being recommended by the GST Council to settle the disputes arising out of interpretation," an official statement said.
