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 …
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 …
