UNPACKED AND UNLABELLED SALTED POPCORN
- Unpacked and unlabelled salted popcorn: 5% GST
- Pre-packed and labelled ready-to-eat popcorn: 12% GST
- Caramelised popcorn: 18% GST
The GST Council’s recent clarification on popcorn taxation has ignited a wave of online memes, with users analysing the complexities of tax rates for various types of popcorn.
During its 55th meeting on Saturday, the GST Council clarified the tax structure for popcorn and announced that there would be no changes to the existing tax rates. Union Finance Minister Nirmala Sitharaman explained that caramelized popcorn, which contains added sugar, is taxed differently from salted and plain popcorn because it is classified as a sugar confectionery.
The council emphasized that different preparation methods and characteristics determine the applicable GST (Goods and Services Tax).
Chartered Accountant by profession, CA Sakshi Agarwal has an experience of above11 years in Cross Border compliance , Import Export , International Taxation & is a passionate content creator.