- India has introduced a new tax policy for popcorn based on its ingredients
- Different GST rates have been set for various popcorn types by the Goods and Services Tax Council
- A 5 percent GST applies to non-branded popcorn that includes salt and spices
- Pre-packaged and branded popcorn is subject to a 12 percent GST
- Caramel popcorn with sugar has been assigned a specific GST rate
- The new tax policy has faced criticism from opposition parties and former economic advisers
- Social media users have shown their dissatisfaction regarding the new tax rules
- The GST system was first implemented in India in 2017
Source: reuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
