popcorn

Time to take a pop at GST absurdities

The GST Council (Goods and Service Tax) recently announced a bewildering array of extra tax rates for popcorn, sparking an understandable backlash among economists, businesses, and consumers alike.

# Opinion

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.

Popcorn Paradox

India’s Goods and Services Tax, introduced with the promise of simplifying the tax structure, has once again come under scrutiny.

GST on rice kernels slashed to help poor, no hike in tax for salted popcorn: Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent, exempted life-saving gene therapy from tax, and extended the GST exemption for parts used in manufacturing (SAM).

Jackie Shroff reveals he lobbied for cheaper popcorn to get people back to cinemas

Actor Jackie Shroff has expressed his joy on the reduction of popcorn prices in theaters, and remembered fond memories of…

Time to take a pop at GST absurdities

Taxation Gone Awry

Popcorn Paradox

GST on rice kernels slashed to help poor, no hike in tax for salted popcorn: Sitharaman

Jackie Shroff reveals he lobbied for cheaper popcorn to get people back to cinemas

Most Read

200 tourists stranded near glacial-fed lake in Himachal rescued

Nadda presiding key BJP meet in Hyderabad

Pranavi 24th as amateur Shannon wins Singapore Ladies at homed

“Decision will be taken after 2-3 more meetings”: Chirag Paswan on forging alliance with NDA

Dominant Rajiv Sethu trumps Pro-Stock fields at National Racing Championship