Lord Posted December 25, 2024 Posted December 25, 2024 1 hour ago, coffee_rules said: Tai-explainer https://www.indiatoday.in/amp/business/story/gst-caramelised-popcorn-tax-finance-minister-nirmala-sitharaman-gst-council-meeting-2655064-2024-12-25 There has been no change in the GST rate for popcorn. Popcorn served in cinemas as a standalone item is considered part of restaurant service and remains taxed at 5%. When mixed with salt and spices, popcorn is classified as namkeen under GST and also attracts a 5% rate. However, if it is pre-packed and labelled, the tax increases to 12%. The issue here is complexity. GST was introduced for simplification. Here we have different categories of popcorn treated differently. Dunno if it was already there but too confusing
coffee_rules Posted December 26, 2024 Posted December 26, 2024 22 hours ago, Lord said: The issue here is complexity. GST was introduced for simplification. Here we have different categories of popcorn treated differently. Dunno if it was already there but too confusing As per the article, it was already there. Just the GST council clarification based on a question by UP caught the eyes of meme content makers. Lord 1
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