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POPCORN TAXATION
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...- PM Modi's tax overhaul may strain finances but boost image amid US trade tensionsNarendra Modi's government announced tax cuts to boost the economy. The goods and services tax regime will change in October. Daily essenti...
- 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...
- 'Brutal tool of economic injustice, corporate cronyism': Rahul Gandhi slams GST, calls for reformCongress leader Rahul Gandhi criticized the Goods and Services Tax (GST) on its eighth anniversary, calling it a tool of "corporate cronyis...
- ETMarkets Smart Talk | Green Energy, Agri among top 6 strategic themes that could see increased spending in Budget 2025: Jiten DoshiWe have witnessed among the fiercest, longest and broadest market move, since the 2020 pandemic. The roller coaster has navigated uncertain...
- Don't let the tail wag the dog: What Budget 2025 can do about India's growing tax overreachIndia's tax overreach and regulatory hurdles are deterring investors and undermining growth. Colonial-era institutions, designed for revenu...
- 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...
- 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...
- Taxed even for popcorn! Startup founder urges high earners to leave India, deletes viral postA Reddit post by a startup founder urged high-earning individuals to emigrate from India, citing restrictive regulations, poor infrastructu...
- 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 ...
- 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-...
- Gift vouchers won't attract GST, clarifies CouncilThe GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that ...
- GST Council Meet: 28% GST on online gaming; SUV, MPVs' price hikes & other key decisionsThe Indian Goods and Services Tax (GST) Council has announced its decision to impose a 28% GST on three supplies, including online gaming, ...
- GST Council to decide on taxation on online gaming, definition of MUVs; tighten norms for registration, ITC claimsThe Indian GST Council is scheduled to discuss several matters at its upcoming meeting. These include regulating online gaming taxation, de...
- 50th GST Council meet gets underway; taxation of online gaming, utility vehicles on agendaThe 50th GST Council meeting started on Tuesday and is likely to deliberate on a host of issues including taxation of online gaming, defini...
- Over 50 global retailers to enter India in 6 months, likely to open about 3,000 storesBrands like Korres, Migato, Evisu, Wallstreet English, Yogurt Lab and Monnalisa, many from the US and S'pore, will invest about $300-500mn.
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