According to information received from sources, the Uttar Pradesh government has suggested imposing GST on fancy or VIP number plates in cars. Apart from this, discussion on increasing GST on selected white goods is also possible.
If you are fond of fancy or VIP number plate in your car, then you may have to pay 18 or 28 percent GST on buying it. The GST rates of around 100 such items are to be reviewed in the meeting of Group of Ministers to be held on 20th October. Giving more details on this special news, CNBC Awaaz correspondent Alok Priyadarshi told that all the items may be reviewed in the meeting of Group of Ministers on GST on 20th October. GST on auction of fancy number plate of car is possible in the big meeting on GST to be held on Sunday. According to sources, imposition of GST on VIP number plate may be discussed in this meeting.
According to information received from sources, the Uttar Pradesh government has suggested imposing GST on fancy or VIP number plates in cars. Let us tell you that the Regional Transport Offices of the states are responsible for distributing special numbers. Separate money has to be paid for this. There is an auction for fancy numbers. Bids of lakhs of rupees are placed in it. At present, the states believe that the number plates issued by them are exempt from GST. There have been many such cases where fancy number plates or registration numbers preferred for vehicles have been auctioned for several lakhs of rupees. Sources said that in some cases single numbers of these fancy number plates such as 0007 or 0001 etc. have also been auctioned for more than Rs 20-30 lakh.
Apart from this, discussion on increasing GST on selected white goods is also possible. According to sources, it is possible to consider increasing GST on hair dryers and dishwashers in the meeting on October 20. At the same time, it is possible to consider reducing GST on footwear and textiles. According to sources, GST on 100 products will be reviewed in this meeting. These also include white goods and food items. Suggestions from different states will be discussed in the meeting.
Related Articles:-
Ayushman Card Eligibility: Who can get Ayushman Card and who cannot? Know here
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
