Popcorn finally pops into one GST slab: Now 5% across the board
Amid these sweeping changes, one question popped up again — where does popcorn fit in?
Tag: Tax on Popcorn
Still not packaged well: GST adds to manufacturing woes, calls for simplification grows
Late in December 2024, the munchy popcorn found itself in the spotlight amid different tax rates proposed by the GST Council based on its sugar or salt component. As per the clarification, the GST rate on popcorn mixed with salt and spices will be 5%, while it will be 12% on prepackaged and labelled popcorn and 18% on caramelised popcorn.
Placing order for salty popcorn along with movie ticket online may result in 12-18% GST
Consuming loose and salted popcorn in a movie theatre can attract GST up to 18 per cent. GST rate on popcorn bought together with movie tickets will be 12 per cent or 18 per cent based on the ticket price if the bundled supply satisfies the test of composite supply.
India’s GST system is now a mess. Those who designed it also are confused
Last Saturday, Finance Minister Nirmala Sitharaman chaired a press conference following the conclusion of the 55th GST Council meeting. Through it, she inadvertently created a new term—‘popcorn taxation’—and lakhs of memes.
Instagram influencer’s humorous take on GST hike leaves netizens in splits
Amid the ongoing social media outrage over revised Goods and Services Tax (GST) tax slabs, an Instagram influencer has shared her hilarious take on this new update, mimicking Union Finance Minister Nirmala Sitharaman.
GST on popcorn: Know how much tax your movie-time snack will attract
Popcorn has always been the go-to companion for movie lovers, but now, it’s grabbing attention for a different reason—taxes. The announcement by the GST Council on Saturday regarding GST on it has sparked lively debates, with memes flooding social media and consumers questioning if their movie nights just got more expensive.
Amid outrage, govt says caramel popcorn to stay at 5% GST in theatres
Amid outrage in the social media over 18 per cent Goods and Services Tax (GST) on caramelised popcorn, government sources on Tuesday clarified that popcorn served in theatres will continue to be charged at 5 per cent.
‘A national tragedy…’: Former CEA Arvind Subramanian slams GST moves amid popcorn tax fury
Minutes after the 55th meeting of the Goods and Services Tax (GST) Council concluded in Jaisalmer on Saturday, former Chief Economic Adviser Arvind Subramanian raised sharp concerns over the trajectory of the GST framework.
How to tax popcorn? FM’s formula sparks outrage against GST system
India’s move to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked social media outrage, with two former government economic advisers questioning the tax system introduced in 2017.