Social Media Erupts With Memes Over GST Council Decision On ‘Popcorn Tax’

#BusinessNews #GSTCouncilMeeting #NirmalaSitharaman #GSTOnPopcorn #PopcornTax
Popcorn, the humble snack enjoyed at movie nights, parties, and as a casual treat, found itself at the heart of a complicated tax debate that’s stirring confusion and social media memes across the country. The GST Council’s decision to impose different tax rates on salted, pre-packaged, and caramelised popcorn has faced criticism, with economists, industry experts, and former government officials arguing that the new tax structure adds complexity for consumers while failing to make a significant contribution to the government’s coffers. The tax structure is as follows: 5% GST on salted popcorn, 12% on pre-packaged and labeled popcorn, and a hefty 18% on caramelised popcorn. At first glance, the distinction between these varieties seems straightforward, but critics are questioning the logic behind it, especially when the potential revenue impact appears to be negligible.

#GSTCouncil #TaxOnSnacks #CaramelPopcorn #GSTRates #SnackTax #PopcornLovers #IndianGST #TaxOnEV
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