Social media has been abuzz ever since the news of different taxation of different kinds of popcorn came out. Finally, the GST Council on Saturday stated that there are no changes to the existing rates and clarified the tax structure on popcorn. Scroll on to see the different tax rates on different popcorn and the internet’s reaction to it.
GST Council Clarify Why Different Popcorn Come Under Different Tax Rates
In its 55th meeting on Saturday, the GST Council clarified the tax structure on popcorn. According to the Hindustan Times, pre-packed and labelled ready-to-eat snacks, including popcorn, are subject to a 12% GST. Unpackaged and unlabelled popcorn mixed with salt and spices comes under the 5% GST slab. Furthermore, caramelised popcorn is placed at a higher slab rate of 18%.
The meeting was chaired by Union Finance Minister Nirmala Sitharaman and she later explained the taxability of popcorn in India in a press conference. In her statement, she said, “Salted, caramelised, plain popcorn is being sold as namkeen in certain states. Caramelised popcorn comes with added sugar, so the treatment rate is different from namkeen.”
The Central Board of Indirect Taxes and Customs (CBIC) will soon also be releasing a circular to provide further clarity on these tax rules.
Netizens’ Humorous Take On This Entire Popcorn Taxation Issue
As you can imagine, netizens had a lot to say about this popcorn GST issue. Hilarious tweets took over X (formerly Twitter) after the GST council clarified why different popcorn was taxed differently. From wondering what they will tax next to hilarious memes, the internet had a field day on this entire ordeal. Here are some tweets you cannot miss out on.
So, what’s your take on this entire popcorn GST issue? Share your thoughts in the comments.
Cover Image Courtesy: Canva (representative image)
For more such snackable content, interesting discoveries and the latest updates on food, travel and experiences in your city, download the Curly Tales App. Download HERE.