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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.

Employment Budget

Politicians can’t afford to have long memories but it was quite amusing to see Congress leaders cry hoarse over the packages given to Andhra and Bihar in the Union budget as “pakodas and jalebis” given to two states while depriving all others.