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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.

PM Modi announces 12 major decisions for MSMEs

Prime Minister Narendra Modi announced 12 major decisions taken by his government for the Micro, Small and Medium Enterprises (MSMEs) at the launch event of the Union Government’s Support and Outreach Initiative on Friday, 2 November.