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 …
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, …
