GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns
3 months, 1 week 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 Customs will issue a circular clarifying the current taxation on popcorn. However, caramelised popcorn is mixed with sugar, categorising it as sugar confectionery, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, according to GST Council clarification. One of the users to a funny jibe at the GST Council and said, “The great great #GSTCouncil went all the way to Jaisalmer just to discuss & finalize the GST rate on popcorns!

Tax Council Cent Gst Gst Council Jaisalmer Gstc Caramelised Popcorn Popcorn Netizens  cent  went  meeting  attract  user  memes  rate  council  taxpayer  jaisalmer  taxes  gst  saying  popcorns  tax  share  popcorn  netizens

History of this topic

Turn of donuts to get afflicted: Jairam Ramesh slams Centre over 'GSTitis'
2 weeks, 1 day ago

Turn of donuts to get afflicted: Jairam Ramesh slams Centre over 'GSTitis'

India Today  

The Congress on Saturday took a swipe at the government over its implementation of differential GST rates, saying that after popcorn, it is now the turn of donuts to get afflicted by "GSTitis". Congress general secretary in-charge communications Jairam Ramesh cited a media report on X which stated that Singapore-based chain Mad Over Donuts is facing a Rs 100 crore …

Delegation of TN Foodgrains Merchants Association meets GST officials in New Delhi
1 month, 4 weeks ago

Delegation of TN Foodgrains Merchants Association meets GST officials in New Delhi

The Hindu  

Appealing to the GST council officials in New Delhi to slash the rates, a delegation from the Tamil Nadu Foodgrains Merchants Association Limited here submitted a memorandum on Thursday. A press statement issued here said that Association adviser S. P. Jeyapragasam, president S. V. S. S. Velshankar and secretary S. Sai Subramaniam met Additional Secretary GST Council Pankaj Kumar Singh …

‘If you take a walk, I’ll tax your feet’ and other joys
2 months, 3 weeks ago

‘If you take a walk, I’ll tax your feet’ and other joys

The Hindu  

The older you get, the fewer new year resolutions do you need to make. Popcorn has three different GST tax slabs which is a good way to ensure that many of us won’t be going to the movies either. To adapt the lyrics of a Beatles song, Should five percent appear too small / Be thankful I don’t take it …

GST collection 2024: Congress alleges slowdown in GST collections; asks government to focus on complexities of economy
2 months, 3 weeks ago

GST collection 2024: Congress alleges slowdown in GST collections; asks government to focus on complexities of economy

The Hindu  

The Congress on Friday claimed that the last quarter of the current fiscal year witnessed the “second-slowest pace” of collection of Goods and Services Tax in the past three years and urged the government to focus on the complexities of the economy instead of imposing tax on popcorn. Net GST growth slumps to 3.3% in December, as revenues slow and …

Not Just Popcorn: Bizarre GST Rates Are Eating Into Middle Class' Savings
2 months, 4 weeks ago

Not Just Popcorn: Bizarre GST Rates Are Eating Into Middle Class' Savings

The Quint  

As the curtains fell on 2024 and the common folk geared for year-end festivities, Finance Minister Nirmala Sitharaman reminded Indians that after the feast comes the reckoning. Days ahead of Christmas, Sitharaman announced a different treatment of popcorn—not in the way it's made, but in the way it's taxed. On 21 December, the Goods and Services Tax Council, led by …

Orry takes a dig at 18% GST on caramel popcorn, says ‘I am 18% GST’
3 months ago

Orry takes a dig at 18% GST on caramel popcorn, says ‘I am 18% GST’

Live Mint  

Instagram influencer and celebrity Orhan Awatramani, also popularly known as “Orry”, takes a dig against Union Finance Minister Nirmala Sitharaman's decision on taxing caramel popcorn under the 18 per cent goods and service tax bracket. Orry also posted a comment mocking the popcorn tax decision saying that caramel popcorn is injurious to “financial health”, according to his post. “Nirmala Tai …

GST To Remain @5% On Popcorn Sold In Theatres, Clarifies Govt
3 months ago

GST To Remain @5% On Popcorn Sold In Theatres, Clarifies Govt

Live Law  

The Finance Ministry in its 55th Meeting of the GST Council, clarified that ready to eat popcorn which is mixed with salt and spices are classifiable under HS 2106 90 99 and attracts 5% GST if supplied as other than pre-packaged and labelled and 12% GST if supplied as pre-packaged and labelled. However, when popcorn is mixed with sugar thereby …

Will popcorn sold in movie theatres become more expensive? Here's how much GST will be levied
Trending News
3 months ago

Will popcorn sold in movie theatres become more expensive? Here's how much GST will be levied

Hindustan Times  

Popcorn sold in movie theatres in loose form will continue to attract GST at the same 5% as they do at restaurants, news agency PTI reported. Netizens troll Centre over popcorn tax slabs However, when popcorn is clubbed and sold together with the movie ticket, it would be treated as a composite supply and taxed as per the applicable rate …

GST on popcorn decoded: How much tax will you pay for the snack in movie theatres?
3 months ago

GST on popcorn decoded: How much tax will you pay for the snack in movie theatres?

Live Mint  

The tax treatment of popcorn has become a huge political hot potato after the Council Meeting, led by Finance Minister Nirmala Sitharaman, notified different taxation rates on salted and caramelised popcorn. Popcorn is generally sold in loose form in movie theatres, so it attracts a lower Goods and Services tax rate than salted and caramelised popcorn sold in packets. Popcorn …

GST On Popcorn: Report Says No Hike In Tax On Snack, Loose Popcorn In Theatres To Still Attract 5% Tax
3 months ago

GST On Popcorn: Report Says No Hike In Tax On Snack, Loose Popcorn In Theatres To Still Attract 5% Tax

ABP News  

After the GST Council decided to levy varying tax slabs on popcorn depending on its preparation and mix, now media reports have emerged stating that no increase has been implemented in GST applicable on the product. Citing sources, Moneycontrol reported that the announcement regarding popcorn in the GST Council meeting was made to clarify the classification and tax slab applicable …

Viral video: Instagram influencer’s humorous take on GST hike leaves netizens in splits
3 months ago

Viral video: Instagram influencer’s humorous take on GST hike leaves netizens in splits

Live Mint  

Amid the ongoing social media outrage over revised Goods and Services Tax tax slabs, an Instagram influencer has shared her hilarious take on this new update, mimicking Union Finance Minister Nirmala Sitharaman. Dressed in a saree to match the look of Sitharaman, Radha said in the video: “The GST Council has decided to include organ donation within the purview of …

Eat popcorn and sleep: Shashi Tharoor on GST council's tax formula for snack
3 months ago

Eat popcorn and sleep: Shashi Tharoor on GST council's tax formula for snack

India Today  

Congress MP Shashi Tharoor took a dig at recently announced tax slabs for popcorn by Union Finance Minister Nirmala Sitharaman.Taking to X, the Congress leader posted a newspaper report in which different tax slabs on popcorn were mentioned. Congress general secretary in-charge of communications Jairam Ramesh also claimed GST evasion is significant, input tax credit fraud is common, and the …

How to tax popcorn? GST council’s formula sparks outrage
Top News
3 months 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
3 months 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?’
3 months, 1 week 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
3 months, 1 week 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. …

After caramel popcorn, tax on Sweet Pongal next? Congress quips over Nirmala Sitharaman’s clarification
3 months, 1 week ago

After caramel popcorn, tax on Sweet Pongal next? Congress quips over Nirmala Sitharaman’s clarification

Live Mint  

As Finance Minister Nirmala Sitharaman's explanation on popcorn taxation went viral, Congress leader Jairam Ramesh raised concerns over the "growing complexity of a system that was supposed to be a Good and Simple Tax." Congress general secretary in-charge communications Jairam Ramesh also claimed GST evasion is significant, input tax credit fraud is common, and the number of bogus companies set …

‘India will always be third-world country if...’: Sushant Sareen slams 18% tax on caramel popcorn
3 months, 1 week 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
3 months, 1 week 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 …

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’
3 months, 1 week 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. …

18% GST on caramelised popcorn sparks meme fest online. Best ones here
3 months, 1 week ago

18% GST on caramelised popcorn sparks meme fest online. Best ones here

India Today  

The GST Council’s recent clarification on popcorn taxation has sparked an online meme frenzy, with users dissecting the complexities of tax rates on different types of popcorn. Here’s the breakdown: Unpacked and unlabelled salted popcorn: 5% GST Pre-packed and labelled ready-to-eat popcorn: 12% GST Caramelised popcorn: 18% GST The council emphasised that the varied preparation methods and characteristics determine the …

DC Edit | Rationalise GST in two slabs
Trending News
3 months, 1 week 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
3 months, 1 week 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 months, 1 week 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, …

Sugar-coated tax: FM Nirmala Sitharaman’s take on ‘popcorn’ sparks debate on social media
3 months, 1 week ago

Sugar-coated tax: FM Nirmala Sitharaman’s take on ‘popcorn’ sparks debate on social media

Live Mint  

Social media erupted with witty remarks after the GST Council, chaired by Finance Minister Nirmala Sitharaman, announced differentiated tax rates for popcorn. “When popcorn is mixed with sugar, its essential character changes to that of a sugar confectionery, and would therefore attract 18 percent GST,” the Finance Minister clarified. Another user compared the popcorn taxation to the 18% GST imposed …

GST’s popcorn moment leaves everyone with bitter aftertaste
Top News
3 months, 1 week 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's key decisions: What's cheaper, what's costlier, and all other details
3 months, 1 week ago

GST Council's key decisions: What's cheaper, what's costlier, and all other details

India Today  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, introduced significant changes to the Goods and Services Tax framework. Several items and services will see a reduction in GST rates, offering financial relief: Fortified Rice Kernels : The GST rate on FRK has been reduced to 5% when supplied through the Public Distribution System. On …

Congress slams Centre over 'absurd' popcorn tax slabs, asks PM to overhaul GST
3 months, 1 week ago

Congress slams Centre over 'absurd' popcorn tax slabs, asks PM to overhaul GST

India Today  

The Congress Sunday said the "absurdity" of three different tax slabs for popcorn under GST only brings to light the growing complexity of the system and asked whether the Modi government will show the courage to launch a complete overhaul for instituting a GST 2.0. Congress general secretary in-charge communications Jairam Ramesh also claimed GST evasion is significant, input tax …

55th GST Council Meeting: Rates, clarifications
3 months, 1 week ago

55th GST Council Meeting: Rates, clarifications

New Indian Express  

JAISALMER: Even though the GST Council in its 55th meeting in Jaisalmer avoided ‘thorny’ issues such as lowering GST rates on insurance premiums and a discussion on rate rationalisation, it did make several changes in the rates of goods and services. Among the major changes announced, the Council decided to increase the GST rate from 12% to 18 % on …

GST council explains difference in tax rates between salted and caramel popcorn
3 months, 1 week 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 …

Why does caramel popcorn attract a different GST rate from salted popcorn? Explained
3 months, 1 week ago

Why does caramel popcorn attract a different GST rate from salted popcorn? Explained

Live Mint  

Popcorn GST: The goods and services tax Council Meeting, headed by Finance Minister Nirmala Sitharaman, agreed to issue a clarification on the taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST rate will be levied if it is caramelised. The tax rate on popcorn has not …

Ex-CEA Arvind Subramanian calls GST Council’s ruling as ‘national tragedy’, says violates spirit of ‘Good & Simple Tax’
3 months, 1 week ago

Ex-CEA Arvind Subramanian calls GST Council’s ruling as ‘national tragedy’, says violates spirit of ‘Good & Simple Tax’

Live Mint  

Minutes after the 55th meeting of the Goods and Services Tax Council ended in Jaisalmer on Saturday, with details popping in that the caramelised popcorn to attract an 18 per cent GST, former Chief Economic Adviser Arvind Subramanian referred it as 'national tragedy'. Arvind Subramanian even said that decisions taken in the 55th GST Council meeting violate the spirit of …

55th GST council meeting in Jaisalmer on December 21, 2024: Finance Minister Nirmala Sitharaman media briefing
3 months, 1 week 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 months, 1 week 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: What gets cheaper & dearer - from popcorn to EV sale
3 months, 1 week ago

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale

Live Mint  

GST Council Meeting: Finance Minister Nirmala Sitharaman-led goods and services tax Council Meeting on Saturday, December 21, decided to levy an 18 per cent GST on margin value on sale of used electric vehicles by businesses and clarified on the taxability of popcorn, saying caramel popcorn will continue to attract tax at the rate of 18 per cent. The GST …

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%
3 months, 1 week ago

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%

ABP News  

The 55th Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman, made multiple key announcements on Saturday. The council also agreed to impose a uniform 18 per cent tax rate on used cars, including electric vehicles, purchased by businesses. Additionally, the council decided to lower the tax rate on fortified rice kernels from 18 per cent to …

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax
3 months, 1 week ago

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax

Live Mint  

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, introduced several updates to the taxation framework while deferring discussions on GST restructuring for insurance products. Finance Minister Nirmala Sitharaman, while addressing the media on Saturday, said the Bihar deputy chief minister Samrat Chaudhary felt that any decision on GST on health insurance would require GoM …

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion
Trending News
3 months, 1 week ago

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Deccan Chronicle  

Jaisalmer: The 55th GST Council meeting which is expected to decide on reducing the tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The four-tier tax slab of 5, 12, …

Council may increase GST rate on all kinds of used cars to 18 per cent
3 months, 1 week ago

Council may increase GST rate on all kinds of used cars to 18 per cent

New Indian Express  

JAISALMER: The GST Council in its 55th meeting on Saturday is likely to announce changes in tax rates on several goods and services. As per sources, the fitment panel of the Council has decided to levy 18% GST on all kinds of used cars. The Council is likely to agree with the fitment panel’s recommendation and raise GST rate to …

GST council approves key reforms, defers decision on insurance premium tax cuts
3 months, 1 week ago

GST council approves key reforms, defers decision on insurance premium tax cuts

India TV News  

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, made significant decisions in its 55th meeting, aimed at streamlining the taxation system and curbing tax evasion. Other exemptions and clarifications Third-Party Motor Vehicle Premiums: Contributions made by general insurance companies to the Motor Vehicle Accident Fund, established under the Motor Vehicles Act, 1988, have been exempted from …

GST Council likely to reduce tax rate on food delivery to 5% | What it means
3 months, 1 week ago

GST Council likely to reduce tax rate on food delivery to 5% | What it means

Hindustan Times  

The GST Council might bring a cheer for food delivery apps such as Zomato and Swiggy as reports suggest that they might be receiving a cut in payable Goods and Services Tax. A Swiggy Ltd. delivery worker on a motorcycle in Mumbai, India, According to a report by CNBC TV 18, the council might slash the GST on food delivery …

No plans of 35% GST slab yet: MoS Finance
3 months, 2 weeks ago

No plans of 35% GST slab yet: MoS Finance

New Indian Express  

New Delhi: There are no plans yet to have a 35 percent tax slab under the Goods and Services Tax, and any decision on this would be taken together in consultation with GST Council, minister of state for finance, Pankaj Chaudhary told reporters in Delhi on Friday. The compensation cess levied under GST would cease to exist after March 2026, …

Retailers urge FM and GST Council not to go for higher 35 pc tax rate
3 months, 2 weeks ago

Retailers urge FM and GST Council not to go for higher 35 pc tax rate

Live Mint  

New Delhi, Dec 12 Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that …

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance
3 months, 4 weeks ago

Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance

Deccan Chronicle  

New Delhi: About 70-75 per cent of GST revenues collected in 2023-24 fiscal year came from the 18 per cent slab, while just 5-6 per cent came from the 12 per cent bracket, Parliament was informed on Monday. The average GST rate has fallen below the revenue neutral rate of 15.3 per cent, prompting the need to start discussions on …

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs
4 months, 3 weeks ago

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs

The Hindu  

GST revenue trends have been volatile this year, with growth in gross and net receipts exceeding that of the previous year's highest points, but falling short of the previous year's overall growth. While the year started with a strong surge in April, subsequent months have shown a decline in growth. The latest GST receipts indicate a positive trend, but it …

GST Council Meeting: what is cheaper and costlier
6 months, 2 weeks ago

GST Council Meeting: what is cheaper and costlier

The Hindu  

The 54th GST Council meeting, held in New Delhi on Monday announced several changes to the existing Goods and Services Tax slabs. The Council decided to reduce the GST rate on cancer drugs Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 12% to 5%. Namkeens, or savoury snacks, will also become cheaper after the GST on extruded/expanded savoury food products is reduced …

GST council must mind government, taxpayer needs
6 months, 3 weeks ago

GST council must mind government, taxpayer needs

New Indian Express  

The 54th Goods and Services Tax Council meeting scheduled for Monday is expected to take on the much-awaited rationalisation of tax rates. The council is also expected to consider the contentious issue of 18 per cent GST on life and health insurance premiums, which has drawn the ire of a wide section of Indians. Last month, the Group of Ministers …

A fresh start: On the Goods and Services Tax Council meet
9 months ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

GST on milk cans reduced from 18 percent to 12 percent, propagandists try to imply that a new tax has been introduced
9 months, 1 week 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 …

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