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SUGAR POPCORN GST
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...26 Dec, 2024, 02.41 PM IST- 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...26 Dec, 2024, 02.40 PM IST
- 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%,...24 Dec, 2024, 10.46 AM IST
- 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 ...23 Dec, 2024, 12.44 PM IST
- 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...22 Dec, 2024, 11.09 PM IST
- 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-...22 Dec, 2024, 10.38 AM IST
- 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...21 Dec, 2024, 04.55 PM IST
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