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CARAMELISED POPCORN TAX
The makeover announced by GST Council is welcome, but a cup half-full with red tape still flutteringThe GST Council's recent meeting delivered on the promise of GST reduction and rationalization ahead of Diwali, reaffirming commitment to t...- GST's identity crisis: One nation, multiple headachesEight years since the introduction of GST, complex structures, clogged tribunals, and compliance burdens are chipping away at the ‘One Nati...
- Operation Sindoor: How homegrown deftech mount a near-impregnable air defenceThe standout air defence weapon, Akash, a short-range surface-to-air missile, shielded vulnerable installations and cities. It's entirely c...
- Growth slowdown is a temporary dip, says FM Nirmala SitharamanFinance Minister Nirmala Sitharaman stated that the recent growth slowdown was temporary, citing elections as a factor. She emphasized the ...
- Still not packaged well: GST adds to manufacturing woes, calls for simplification growsWhile GST collections for the month of November marked an 8.5% increase from last year at 1.82 lakh crore, certain key states have exhibite...
- 'Holding phone in right hand will attract 18% GST': Insta prank on GST goes viral, watch videoFollowing an announcement about an increase in GST on caramel popcorn, the Finance Minister clarified caramelised popcorn is taxed higher d...
- Popcorn, in loose form, sold in movie theatres to attract 5% GSTPopcorn sold in loose form in movie theatres will continue to attract a GST rate of 5 per cent. If popcorn is sold together with a movie ti...
- ET Explainer: Taxing times for popcorn & used carsThe GST Council clarified the tax rates on ready-to-eat, pre-packaged, and caramelised popcorn at 5%, 12%, and 18% respectively. It also re...
- Public face-offs on GST decisions point to flaws in the tax’s architecture and implementationThe GST Council's recent decision on popcorn tax rates has highlighted the complexity and flaws of India's GST system, attracting criticism...
- Ghosts of Christmas past? GoI’s repeated actions seem bent on violating a basic tenet of taxation: simplicityThe nuances of direct and indirect taxes, their impact on consumers, and the complexity of GST rates are discussed in this article. It argu...
- GST Council meet: From no GST on penal charges by banks, NBFCs for loan defaults to 5% GST on new EVs & more; Here are top 10 outcomesThe GST Council lowered the compensation cess rate for merchant exporters to 0.1% and reduced the tax on fortified rice kernels to 5%. The ...
- Popcorn casteism is alive and poppingThe GST Council has decided to maintain the existing tax rates on popcorn, but clarified its classification for taxation purposes. Ready-to...
- Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twistThe GST Council clarified the tax rates for popcorn. Ready-to-eat popcorn with salt and spices will be taxed at 5% if loose and 12% if pre-...
- GST Council ups tax on sale of used cars by businesses; says rate on popcorn depends on flavourThe GST council met on Saturday. It decided to not tax gift vouchers. Used cars purchased by businesses will face an 18% tax. This includes...
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