The council discussed and decided on several key issues related to GST rates, exemptions, and clarifications.
After the meeting here are the things that got cheaper: Molasses, Powdered Millet, Vehicles for Visually Impaired Persons
The council reduced GST on molasses from 28% to 5%, benefiting sugar mills and distilleries.
The council exempted GST on powdered millets, providing relief to farmers and consumers.
The council extended the concessional rate of 18% GST on vehicles purchased by visually impaired persons
After the meeting here are the things that got expensive: Personal Guarantees, Online Gaming, Horse Racing, and Casinos
The council levied an 18% GST on personal guarantees given by promoters/directors against loans given by banks, increasing the borrowing costs.
The council reviewed the implementation of the 28% levy on these activities, which was introduced in the previous meeting.