CNBC-TV18, quoting sources, reported that the GST Council on Saturday decided to postpone the decision to cut taxes on health and life insurance policies for further consideration.
The GOM has informed the Council of the lack of consensus.
CNBC-TV18, quoting sources, reported that the GST Council on Saturday decided to postpone the decision to cut taxes on health and life insurance policies for further consideration. The GOM has informed the Council of the lack of consensus. Subsequently, the GoM report on rate rationalization is also not being submitted, it informed. The GoM is likely to meet again in January.
The GST Council has proposed 5% GST on ready-to-eat popcorn mixed with salt and spices if not pre-packaged, 12% on pre-packaged and labelled, caramel 18% GST on popcorn.
All used cars including EVs to attract the current 12% to 18% GST; Individual sales and purchases will continue at 12%.
The GST Council meeting is going on in Jaisalmer, Rajasthan. FM Nirmala Seetha Raman will formally announce these decisions after the meeting.