GST Council ups tax on sale of used cars by businesses; says rate on popcorn depends on flavour​GST Council ups tax on sale of used cars by businesses; says rate on popcorn depends on flavour 

The GST council met on Saturday. It decided to not tax gift vouchers. Used cars purchased by businesses will face an 18% tax. This includes electric vehicles. The tax on fortified rice kernels is reduced to 5%. A decision on insurance product tax rates is postponed. The council clarified tax rates for different types of popcorn.

​The GST council met on Saturday. It decided to not tax gift vouchers. Used cars purchased by businesses will face an 18% tax. This includes electric vehicles. The tax on fortified rice kernels is reduced to 5%. A decision on insurance product tax rates is postponed. The council clarified tax rates for different types of popcorn.