With reference to the recommendations of the 55th GST Council meeting, which of the following statements is/are correct?
1. The GST rate on Fortified Rice Kernel (FRK) was reduced to 5 percent.
2. The GST on the margin of used electric vehicles (EVs) was reduced to encourage green mobility.

Question

Accepted Answer

1 only — Statement 1 is correct as the GST on FRK was reduced from 18 percent to 5 percent. Statement 2 is incorrect because the GST on the margin of used vehicles, including EVs, was actually increased from 12 percent to 18 percent.

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