Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’
2 days, 6 hours ago

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’

Hindustan Times  

Amid social media debate over Finance Minister Nirmala Sitharaman's take on three different tax slabs for popcorn under Goods and Services Tax, Congress on Sunday said the "absurdity" of it only brings to light the growing complexity of the system and asked whether the Modi government will show the courage to launch a complete revamp for instituting a GST 2.0. “However, when popcorn is mixed with sugar thereby changing its character to sugar confectionary, it would be classifiable under HS 1704 90 90 and attract 18 per cent GST,” Sitharaman said in the press briefing. Congress slams govt Congress general secretary in-charge communications Jairam Ramesh on Sunday claimed GST evasion is significant, input tax credit fraud is common, and the number of bogus companies set up to "game" the GST system runs into thousands. "The absurdity of three different tax slabs for popcorn under GST, which has unleashed a tsunami of memes on social media, only brings to light a deeper issue: the growing complexity of a system that was supposed to be a Good and Simple Tax," he said in a post on X.

Finance Social Media Tax Congress Cent Sitharaman Sugar Nirmala Sitharaman Caramel Popcorn Gst Evasion Gst System  popcorn  sugar  minister  absurdity  tax  govt  ramesh  media  slams  gst  system  congress  sitharaman  nirmala  cent  social  debate  caramel

History of this topic

How to tax popcorn? GST council’s formula sparks outrage
Top News
1 day, 15 hours ago

How to tax popcorn? GST council’s formula sparks outrage

The Hindu  

The GST Council’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. The Goods and Services Tax Council, chaired by the Finance Minister and including State representatives, announced on Saturday that non-branded popcorn …

How to tax popcorn? India’s formula sparks outrage against GST system
Top News
1 day, 18 hours ago

How to tax popcorn? India’s formula sparks outrage against GST system

Live Mint  

By Nikunj Ohri NEW DELHI -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. Explaining the rationale behind the decision to tax caramel popcorn at 18%, Finance Minister Nirmala Sitharaman said that …

Netizens troll Centre over 'absurd' popcorn tax slabs; say ‘Do we have to pay tax for sugarcoating our words too?’
1 day, 22 hours ago

Netizens troll Centre over 'absurd' popcorn tax slabs; say ‘Do we have to pay tax for sugarcoating our words too?’

Hindustan Times  

What if popcorn ends up costing more than your movie ticket? Sitharaman said, “We had a wide-ranging discussion on caramelised popcorn, all states agreed that all items with added sugar are treated under a separate tax bracket.” Netizens troll Centre over popcorn tax slabs But the internet remains unconvinced, sparking a series of memes relating to the subject matter. Comedian …

Caramel Popcorn Contains Added Sugar, Tax Rate Will Be Higher Than Namkeen, Clarifies GST Council
2 days ago

Caramel Popcorn Contains Added Sugar, Tax Rate Will Be Higher Than Namkeen, Clarifies GST Council

Live Law  

The GST Council in its 55th Meeting chaired by Finance Minister Nirmala Sitharaman announced significant changes to the GST regime. Caramelised popcorn comes with added sugar therefore the tax rate for such a popcorn will be different from the Namkeen. It was further clarified that whether it is carbonated drink or juice with added sugar attracts a different tax rate. …

‘India will always be third-world country if...’: Sushant Sareen slams 18% tax on caramel popcorn
2 days, 4 hours ago

‘India will always be third-world country if...’: Sushant Sareen slams 18% tax on caramel popcorn

Live Mint  

The government’s decision to clarify the Goods and Services Tax rates on caramel popcorn has sparked widespread criticism, with security analyst Sushant Sareen and others accusing policymakers of imposing unnecessary complexities. Finance Minister Nirmala Sitharaman explained that products with added sugar are categorized differently for taxation, saying, "When you talk outside, it looks silly.but states say that we treat products …

Mint Quick Edit | Don’t over-roast popcorn with GST
2 days, 6 hours ago

Mint Quick Edit | Don’t over-roast popcorn with GST

Live Mint  

The Goods and Services Tax Council over the weekend approved tax changes for some items while deferring a few decisions. The rate for fortified rice kernels used in public distribution was slashed to 5% from 18%. Nothing was done to relieve people of the impression that GST, while “good" for India, is far from “simple" as a taxation system. Sold …

DC Edit | Rationalise GST in two slabs
Trending News
2 days, 12 hours ago

DC Edit | Rationalise GST in two slabs

Deccan Chronicle  

The Goods and Services Tax Council meeting appears to have ended up as a no-event without taking any major decision. While on one hand the government advocates rationalisation of tax slabs, on the other, it proposed three different rates for popcorn based on its taste and packaging. Pre-packed and labelled salted and spicy, ready-to-eat popcorn will attract 12 per cent …

Congress slams govt over different tax slabs for popcorn, asks if PM will show courage for GST overhaul
Trending News
2 days, 19 hours ago

Congress slams govt over different tax slabs for popcorn, asks if PM will show courage for GST overhaul

The Hindu  

Exhorting the Narendra Modi government to show the courage to overhaul the Goods and Services Tax regime citing the “absurdity” of three different tax slabs for popcorn under the present system, the Congress on Sunday said the current complexities in the system had thrown open several loopholes leading to tax evasion. In a long post on X, Congress General Secretary …

Memes flood the internet as GST Council confirms 18% tax on caramelised popcorn
3 days, 2 hours ago

Memes flood the internet as GST Council confirms 18% tax on caramelised popcorn

Hindustan Times  

The GST Council, in its 55th meeting on Saturday, clarified the tax structure on popcorn, stating there would be no changes to the existing rates. The GST Council clarified popcorn tax rates, sparking memes on social media. Caramelised popcorn comes with added sugar, so the treatment rate is different from namkeen.” Under the current structure, pre-packed and labelled ready-to-eat snacks, …

GST’s popcorn moment leaves everyone with bitter aftertaste
Top News
3 days, 7 hours ago

GST’s popcorn moment leaves everyone with bitter aftertaste

New Indian Express  

The 55th GST Council meeting ended without any significant announcements. While it is true that with every passing year, the GST—once hailed as a good and simple tax—is becoming more complex, one cannot deny that tax rules, beyond a point, cannot be simple, howsoever hard one may try. The issue of the tax rate of Malabar parotta is yet to …

GST council explains difference in tax rates between salted and caramel popcorn
3 days, 14 hours ago

GST council explains difference in tax rates between salted and caramel popcorn

Hindustan Times  

The GST Council on Saturday decided to issue a clarification regarding the taxation levied on popcorn, stating that there would be no change in the existing rate, reported news agency PTI. Union finance minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council The council stated that pre-packed and labelled ready-to-eat snacks would be subject to a 12 …

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
3 days, 16 hours ago

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing

The Hindu  

A much-anticipated review of the Goods and Services Tax levies on life and health insurance policies was put off by the apex body in charge of the indirect tax regime, the GST Council at its 55th meeting on Saturday, as some members sought more discussions on the matter before taking a final call. Moreover, rate rationalisation suggestions pertaining to about …

Butter chicken at 28% GST? Ingredient-based popcorn tax sparks ire, analyst says ‘next will be restaurant food menu’
3 days, 17 hours ago

Butter chicken at 28% GST? Ingredient-based popcorn tax sparks ire, analyst says ‘next will be restaurant food menu’

Live Mint  

The GST Council outlined a detailed taxation plan for popcorn and other snacks on Saturday — drawing criticism from several quarters. Many including well known analyst Gurmeet Chadha have since taken to social media lambasting Indian politicians for making a “mockery of GST”. According to the detailed clarification released by the GST Council on Saturday, the ingredients will determine the …

GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns
3 days, 17 hours ago

GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns

Live Mint  

The GST Council meeting conducted in Jaisalmer on Saturday discussed the taxation of popcorn. The pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax, whereas caramelised popcorn will attract an 18 per cent GST. The tax rate on popcorn has not changed, and the GST Council has only agreed that the Central Board of Indirect Taxes and …

GST on milk cans reduced from 18 percent to 12 percent, propagandists try to imply that a new tax has been introduced
6 months ago

GST on milk cans reduced from 18 percent to 12 percent, propagandists try to imply that a new tax has been introduced

Op India  

On Saturday, June 22, Goods and Services Tax Council meeting took place where several key decisions were taken by the council. The Council… pic.twitter.com/FfUvl1Gi3d — Nirmala Sitharaman Office June 22, 2024 Shortly after the decision was announced, a social media narrative started to subtly push the agenda that a new 12% tax has been introduced on milk cans by Modi …

GST Council Meet: Tax-levying power on ENA ceded to states; other key decisions
1 year, 2 months ago

GST Council Meet: Tax-levying power on ENA ceded to states; other key decisions

Live Mint  

The 52nd Goods and Services Tax Council meeting on Saturday, October 7, ceded the right to levy tax on extra neutral alcohol -supplied for the manufacture of alcoholic liquors - to the states. “ENA for human consumption will be exempt from GST and the same will be communicated to the Supreme Court,” Chhattisgarh Deputy Chief Minister T S Singh Deo …

GST Council Meet: Tax on millet flour preparation slashed to 5% from 28%
1 year, 2 months ago

GST Council Meet: Tax on millet flour preparation slashed to 5% from 28%

Live Mint  

The Goods and Services Tax Council on Saturday, October 7, decided to slash tax on millet flour food preparations from the current 18 per cent GST to 5 per cent, in an aim to make nutritious food items more accessible to the public. Addressing a post-meeting press conference, Finance Minister Nirmala Sitharaman said that the food preparation of millet flour …

Maharashtra to raise traders' concern after Centre brings changes in GST rules
1 year, 5 months ago

Maharashtra to raise traders' concern after Centre brings changes in GST rules

India Today  

Senior Congress leader and MLA Prithviraj Chavan objected to the Centre’s decision to bring the Goods and Service Tax Network under the purview of the Prevention of Money Laundering Act, which would permit the Enforcement Directorate to probe the matters linked to the GST. Replying to Chavan’s question, Maharashtra Finance Minister Ajit Pawar said he would raise the issue in …

Cheap popcorn, cola at cinema halls after GST Council slashes tax rates by 13%
1 year, 5 months ago

Cheap popcorn, cola at cinema halls after GST Council slashes tax rates by 13%

India Today  

In a delight for moviegoers, the Goods and Services Tax Council, headed by the Union finance minister and comprising representatives of all states and UTs, on Tuesday made munching at cinema halls easier on pockets by deciding to lower the service tax levied on food and beverages to 5% from 18%. Food and beverages are an important source of earnings …

GST levies on food items won’t burden poor, says Nirmala Sitharaman
2 years, 4 months ago

GST levies on food items won’t burden poor, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on August 1, 2022 asserted that the Goods and Services Tax levies on food items such as curd, lassi and wheat would not burden poor households, and took on States and the Opposition parties for seeking to suggest that the taxes were driven by the Narendra Modi administration when it was a decision taken by …

Explained | What is the controversy over GST levies on food?
2 years, 5 months ago

Explained | What is the controversy over GST levies on food?

The Hindu  

The story so far: From July 18, a 5% Goods and Services Tax has been levied on several food items and grains that are sold in a pre-packed, labelled form even if they are not branded. The 5% tax on unbranded packed food items was approved by the GST Council in late June and was part of a broader set …

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman
2 years, 5 months ago

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on July 19 clarified the GST Council has exempted from Goods and Service Tax, all food items including wheat, pulses, rice, maize, when sold loose, and not pre-packed or pre-labelled. pic.twitter.com/U21L0dW8oG — Nirmala Sitharaman July 19, 2022 The Finance Minister explained the process of decision making on the GST rate changes for pre-packed and pre-labelled, unbranded …

No GST on these 14 items when sold loose, clarifies FM Sitharaman
2 years, 5 months ago

No GST on these 14 items when sold loose, clarifies FM Sitharaman

Live Mint  

Union Finance Minister Nirmala Sitharaman on Tuesday released a list of items that will not attract any GST, when sold loose, and not pre-packed or pre-labeled. Sitharaman further said the council recommended reconsidering the approach for the imposition of GST on specified food items like pulses, cereals, flour etc. Sitharaman said that certain items including pulses/daal, wheat, rye, oats, maize, …

Wholesale food grain trade exempted from GST levy
2 years, 5 months ago

Wholesale food grain trade exempted from GST levy

Deccan Chronicle  

Chennai: The transactions of unbranded food grains and other products dealt by wholesalers will be kept out of GST rates, the government told a traders body. The Cait, meanwhile, said it will launch a nationwide movement from July 26 to demand a new GST law and review of rules afresh for radical changes in the GST. It said both the …

GST on Pre-packed Labelled Food Items to Raise Prices, Increase Traders' Compliance Burden: CAIT
2 years, 5 months ago

GST on Pre-packed Labelled Food Items to Raise Prices, Increase Traders' Compliance Burden: CAIT

News 18  

New Delhi: Traders’ body CAIT on Monday said the decision to levy 5 per cent GST on pre-packed and labelled food items will cause loss of business to foodgrain traders, increase compliance burden and raise the prices of unbranded everyday essentials. CAIT Secretary General Praveen Khandelwal said that to protest against this decision of the GST Council, the traders’ delegation …

Key Highlights Of The Recommendations Made By The GST Council In Its 47th Meeting
2 years, 5 months ago

Key Highlights Of The Recommendations Made By The GST Council In Its 47th Meeting

Live Law  

The GST Council, in its 47th Meeting held on the 28th and 29th of June, 2022, has made certain recommendations relating to changes in the GST rate. The GST Council has also recommended non-allowance of refund of accumulated Input Tax Credit on Edible Oils and Coal. The GST Council also made certain clarifications on the GST rates. Also, sale of …

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM
2 years, 5 months ago

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM

News 18  

Finance minister Nirmala Sitharaman announced the outcome of the 47th Goods and Service Tax Council meeting on Wednesday. “Highlight of this meeting was that we could consider, discuss and decide on four Group of Ministers reports on exemptions, correction of inverted duty structure, finance minister,” said while announcing the outcome of the 47th GST meeting. The GST Council also decided …

GST new rates: Check full list of goods, services that get costlier, cheaper
2 years, 5 months ago

GST new rates: Check full list of goods, services that get costlier, cheaper

Live Mint  

The 47th GST council meeting was held under the chairmanship of Union finance minister Nirmala Sitharaman on Wednesday, during which, approval for changes in tax rates was given for several goods and services. Check what will get costlier in the coming month: Goods/Services Older rate New rate Printing, writing or drawing ink 12% 18% Knives, pencil sharpners, blades, forks, spoons, …

GST Rates Revised: What Gets Cheaper, What Gets Costlier? Full List Here
2 years, 5 months ago

GST Rates Revised: What Gets Cheaper, What Gets Costlier? Full List Here

News 18  

The GST Council in its 47th meet in Chandigarh has decided to bring more items under its ambit that may affect the pocket of the common man. Bank Cheque Book Issuance: An 18 per cent GST will be levied on fee charged by banks for the issue of cheques, GST council has decided. Hotel Rooms: The GST Council also decided …

GST Council meeting on Friday; tax concession to 11 COVID drugs, bringing petrol and diesel under GST on cards
3 years, 3 months ago

GST Council meeting on Friday; tax concession to 11 COVID drugs, bringing petrol and diesel under GST on cards

Firstpost  

Tax rate on Amphotericin B, Tocilizumab was cut to ‘Nil’, while Remdesivir and Heparin was reduced to five percent in June 2021. New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items and extend till 31 December, tax concessions on 11 COVID drugs. …

GST regime is in crisis
3 years, 6 months ago

GST regime is in crisis

Hindustan Times  

The Goods and Services Tax Council will meet on May 28 after a gap of seven months. Many state governments, which are ruled by parties opposed to the Bharatiya Janata Party, have demanded a GST waiver on various kinds of medicinal supplies being used for treating Covid-19. Using GST Council meetings to tweak GST rates on various commodities – Gujarati …

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