GST Council meet: No tax on bank penalties, EV tax hike, popcorn tax clarity, and other key highlights​GST Council meet: No tax on bank penalties, EV tax hike, popcorn tax clarity, and other key highlights 

The 55th GST Council meeting unveiled several important decisions that will have a lasting impact across various sectors, from healthcare and finance to the automobile industry. While some changes, such as the increase in GST for used EVs and the new popcorn tax structure, have sparked concerns about complexity and cost, others, such as the exemption for gene therapy, have been widely welcomed by experts.

​The 55th GST Council meeting unveiled several important decisions that will have a lasting impact across various sectors, from healthcare and finance to the automobile industry. While some changes, such as the increase in GST for used EVs and the new popcorn tax structure, have sparked concerns about complexity and cost, others, such as the exemption for gene therapy, have been widely welcomed by experts.