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POPCORN TAX CLASSIFICATION
'Ek baar aap GST dekh lo': PM Modi's nudge ushered in biggest GST reform in 8 yearsPrime Minister Narendra Modi’s push led Finance Minister Nirmala Sitharaman to review the GST regime, resulting in a major overhaul. The GS...- GST overhaul a people's reform, touches every family: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman calls GST overhaul a 'people's reform'. Rate rationalization will benefit families and boost the econom...
- 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...
- New GST rates: Is the puzzle over popcorn, paranthas and paneer finally solved?New GST Rates: The GST Council has approved a new tax structure effective September 22, resolving long-standing confusions on food items. P...
- GST 2.0 to unleash consumption, cushion India's economy from US tariff headwinds: India IncIndustry leaders believe that GST rate rationalization will boost India's economic growth. They expect increased consumption and a cushion ...
- Make GST payments only by e-rupee, tokenisation can achieve total transparencyTo enhance the Goods and Services Tax (GST) system, the GST Council should mandate e-rupee use for payments to curb input tax credit fraud ...
- 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...
- Nirmala Sitharaman on GST rationalisation, popcorn controversy, BJP’s freebie trap & moreFinance Minister Nirmala Sitharaman discusses GST rate rationalisation, aiming to simplify rates for essential goods. She plans to reduce t...
- 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...
- 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...
- How to tax popcorn? India's formula sparks outrage against GST systemIndia's new popcorn tax has everyone talking. Different flavors now have different GST rates. Plain popcorn is taxed at 5%, branded at 12%,...
- Munch on it: GST ruling puts popcorn in 18% tax bracketThe AAR held that JJ’s Popcorn fitted the description of ‘Prepared foods obtained by the roasting of cereal’.
- Film tickets still priced above Rs 200; online portals, multiplexes flout Karnataka government's ruleThe maximum rate of Rs 200 per head is applicable to films of all languages. The restriction, however, will not apply to gold-class screens...
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