- The GST Council clarified popcorn taxation leading to social media debates and opposition criticism
- Congress criticized the complexity of the GST system and suggested a revamp to GST 2.0
- Finance Minister Nirmala Sitharaman explained popcorn tax rates at the 55th GST Council meeting
- Plain popcorn with salt and spices has a 5% GST if not pre-packaged and 12% if pre-packaged
- Caramel popcorn is taxed at 18% GST as it is considered sugar confectionery under HS 1704 90 90
- The clarification was intended to increase transparency regarding popcorn tax slabs but sparked further debate on GST complexity
Source: businesstoday.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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