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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.

Govt abolishes GST on sanitary napkins

In what comes as a major boost for women in the country and would go a long way to ensure the success of heath programmes centred on women, the Union Government decided on Saturday that there will be no Goods and Services Tax (GST) on sanitary napkins.