Tag: regulatory framework

Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twist

EconomyDecember 21, 2024

The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, while caramelised popcorn (mixed...

GST Council ups tax on sale of used cars; says rate on popcorn depends on flavor

EconomyDecember 21, 2024

The 55th goods and services tax (GST) council meeting is underway in Jaisalmer, where several key decisions are being taken including clarification tax rates attracted by AAC blocks, fortified rice and flavoured popcorn. Sources have...