Try GOLD - Free
Council meet: Rates, clarifications
The New Indian Express Madurai
|December 22, 2024
EVEN though the GST Council in its 55th meeting in Jaisalmer avoided "thorny" issues such as lowering GST rates on insurance premium and a discussion on rate rationalisation, it did make several changes in the rates of goods and services.
Among the major changes announced, the Council decided to increase the GST rate from 12% to 18% on sale of all old and used vehicles, including EVs.
Currently, 18% GST is levied on sale of old and used petrol vehicles of engine capacity of 1200 cc or more & of length of 4000 mm or more; diesel vehicles of engine capacity of 1500 cc or more & of length of 4000 mm and SUVs.
However, finance minister Nirmala Sitharaman clarified the 18% GST would only be levied only on the margin - difference between the purchase price and selling price (depreciated value if depreciation is claimed) and not on the value of the vehicle. The FM also clarified that the GST is not applicable in case of unregistered persons.
The tax rate on caramelised popcorn - that took the social media by a storm on Saturday - has been increased from 5% to 18%.
This story is from the December 22, 2024 edition of The New Indian Express Madurai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Madurai
The New Indian Express Madurai
After BJP poaches on Cong, Shinde ties up with Ajit's NCP
A major political twist unfolded in the Ambarnath Nagar Parishad in Maharashtra, dealing a setback to the BJP despite its move to induct 12 expelled Congress corporators.
1 mins
January 10, 2026
The New Indian Express Madurai
36 missing as Philippine landfill garbage, debris avalanche kills two, traps dozens
AN avalanche of garbage and debris buried or trapped workers in low-slung buildings at a landfill in the Philippines, killing two people, injuring a dozen and leaving 36 others missing, officials said on Friday.
1 min
January 10, 2026
The New Indian Express Madurai
'CM woke up from slumber after 4.5 years'
Chennai: Tamil Nadu BJP president Nainar Nagenthran on Friday criticised Chief Minister MK Stalin over 'Tell us your dream' initiative, alleging that the programme came after nearly four-and-a-half years of \"administrative inertia\".
1 min
January 10, 2026
The New Indian Express Madurai
Hill yes! How thousands are reverse migrating
THE migration pattern that hollowed out Uttarakhand’s villages for decades is showing signs of reversal.
1 min
January 10, 2026
The New Indian Express Madurai
Rogue elephant kills two more in J’khand, toll reaches 22 in nine days
AFTER a 48-hour pause, the killer elephant once again trampled two more people to death on Friday, while an employee of the forest department, who was deployed to drive it into the jungles, was critically injured and is battling for life.
1 min
January 10, 2026
The New Indian Express Madurai
Unpaid challans to push vehicles off the road
E-CHALLANS & ROAD SAFETY
1 mins
January 10, 2026
The New Indian Express Madurai
BLURRED VISIONS OF FUTURES PAST
PERHAPS the standout event of 2026 is already over—the US campaign against Venezuela, with the plainly-declared aim of taking over its oil resources.
4 mins
January 10, 2026
The New Indian Express Madurai
Shah launches war on narco-terror, pushes for full eradication in 3 years
UNION Home Minister Amit Shah on Friday set a three-year deadline to put in place a comprehensive national mechanism to eradicate the drug menace, calling for a “collective campaign on all fronts” tomake India drug-free.
1 mins
January 10, 2026
The New Indian Express Madurai
Assam gifts rhinos, cobras to MP, to receive tigers
A vast stretch of dense forests in eastern Madhya Pradesh, which were once used by the armed Naxal cadres as the passage to further their expansion plans, will now be home to wild buffalos that reportedly became extinct in the state over 100 years ago.
1 mins
January 10, 2026
The New Indian Express Madurai
After Modi push, new mothers scheme gets tech transparency
PRIME Minister Narendra Modi has suggested reforms to make the Pradhan Mantri Matru Vandana Yojana (PM-MVY),acentral flagship scheme that provides maternity benefits to pregnant and lactating mothers, more technology-driven, transparent and robust, official sources said Friday.
2 mins
January 10, 2026
Listen
Translate
Change font size