Taxing Popcorn in India: GST Controversy
25
Dec
Taxing Popcorn in India: GST Controversy Sub: Eco Sec: Fiscal Policy Context: The GST Council introduced differential tax rates on popcorn based on its content: Non-branded, salted/spiced popcorn: 5% GST Pre-packaged and branded popcorn: 12% GST Caramel popcorn (sugar confectionery): 18% GST Rationale: Finance Minister Sitharaman explained that products with added sugar are […]