Source: DH
Context: The 55th GST Council Meeting, chaired by Finance Minister, introduced several revisions to the GST slabs for various items and services, impacting everyday commodities and specialized goods.
Revised GST rates on certain items:
| Item Name | New GST Slab |
| Resale of Cars (Old & Used) | 18% |
| Popcorn (Caramelized) | 18% |
| Popcorn (Salted & Pre-Packed) | 12% |
| Electric Vehicles | 18% on Used EV Cars & 5% on new EV cars |
| Ethanol (Supplied to Refineries) | 5% |
| Ready-to-Eat Pre-Packed Snacks | 12% |
| Fortified Rice Kernels (FRK) | 5% |
| Gene Therapy | Exempt |
| Bank Penalties | Exempt |
NOTE: UPSC Prelims often see miscellaneous questions, but they often come from newspapers only. These GST rates could be one of them, as they are debated at all forums. Try to remember these, which could be helpful in the exam.
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