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GST

Taxation Gone Awry

During its 55th meeting, the GST Council clarified that tax treatment for popcorn would depend on its flavour and the way it was sold; while popcorn sold loose will be taxed at 5 per cent, GST on popcorn will incre a se to 12 per cent if it was sold in packets under a brand name, while caramelised popcorn would be taxed at 18 per cent.

Decision for 5% GST on essential taken by GoM: Govt

Union Minister of State for Finance Pankaj Choudhary said that the GoM included ministers from states like Karnataka, Bihar, Kerala, Goa, Uttar Pradesh, Rajasthan, West Bengal. This GoM takes decisions unanimously.

Parliament business stalled over GST issue for third day in a row

Opposition members kept insisting on the rollback of GST on essential commodities carrying placards reading, ‘Gabbar Singh strikes again’ into the Well of the House amidst slogans of 'take back GST'. They asserted that the struggle will continue from the House to the road if the government does not listen to their voice.

RS adjourned over inflation, GST on essentials, Agnipath

After a one-time adjournment, as soon as the sitting of the House began at 2 pm, there was ruckus and sloganeering from the Opposition parties. Opposition members were seen raising slogans against inflation and demanding that the government withdraw its decision to impose GST on several essential packaged food items.