Jaisalmer, 21 December
The GST Council has increased the tax rate on the margin value of old electric vehicles purchased from companies from 12 percent to 18 percent. However, the exemption from GST on the sale of old vehicles privately will continue. The council has postponed a decision on tax rates for Swiggy and Zomato. The GST Council has recently postponed the decision regarding tax reduction on life and health insurance. In the meeting chaired by Finance Minister Nirmala Sitharaman, it was agreed that further deliberations are needed before taking a final decision on tax on insurance. -News-Patiala
