Memes flood the internet as GST Council confirms 18% tax on caramelised popcorn
2 days, 14 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, including popcorn, are subject to a 12% GST. Social media reacts with wit and humour The announcement sparked a wave of hilarious memes on social media, with users showcasing their creative takes on the GST levied on popcorn.

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History of this topic

How to tax popcorn? GST council’s formula sparks outrage
Top News
1 day, 3 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, 6 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, 11 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
1 day, 12 hours 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
1 day, 17 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 …

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’
1 day, 18 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. …

DC Edit | Rationalise GST in two slabs
Trending News
2 days 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, 7 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 …

GST’s popcorn moment leaves everyone with bitter aftertaste
Top News
2 days, 19 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, 3 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 …

Butter chicken at 28% GST? Ingredient-based popcorn tax sparks ire, analyst says ‘next will be restaurant food menu’
3 days, 5 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, 5 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 …

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 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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