Logo

Logo

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.

RS & LS adjourned till 2 pm over Oppn’s protest on GST, inflation

Congress MP Manickam Tagore gave the adjournment notice in the Lok Sabha. "To discuss the imposing levy of 5 per cent GST on essential commodities which would affect every common citizen, especially the poor and to direct the Government to withdraw the decision of levying GST from essential commodities," it said.

Serious “birth defects” in the GST: Congress

Commenting on the five years of the GST, former finance minister P Chidambaram said, "In the last five years the defects of the GST have only become worse and all those touched by the GST have been seriously injured."

FICCI seeks 13% cut in GST on agrochemical inputs for the farm sector

R G Agarwal, Chair, FICCI Committee on Crop Protection and Chairman, Dhanuka Group, said high Goods and Service Tax on crop protection chemicals especially hurts small and marginal farmers by increasing their input cost and prompting them to use these essential ingredients in sub-optimal quantities to the detriment of farm output and their own financial health.