New Tax Rates on Popcorn: GST Council Proposes 5% for Ready-to-Eat, 12% for Pre-Packaged, 18% for Caramel
The GST Council has proposed new tax rates on popcorn: 5% for ready-to-eat with salt and spices, 12% for pre-packaged, and 18% for caramel popcorn, as discussed in their latest meeting.
The Goods and Services Tax (GST) Council has proposed new tax rates on various types of popcorn products. According to sources, the council has recommended a 5% GST on ready-to-eat popcorn mixed with salt and spices, provided it is not pre-packaged. On the other hand, a 12% GST will be levied on pre-packaged and labelled popcorn. Additionally, caramel popcorn will attract an 18% GST. The recommendations, which were discussed during the latest GST Council meeting, are aimed at streamlining the taxation structure for the popcorn industry. The decision is expected to impact consumers as the new rates are implemented. This move comes as the GST Council continues its efforts to rationalize tax rates across various sectors. Government Hiking Tax Rates for Common Man, Giving Concessions to Billionaires, Says Rahul Gandhi.
GST Council Proposes 5% for Ready-to-Eat, 12% for Pre-Packaged
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