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“This is why, till the time popcorn is salted, it attracts five per cent GST. But when it has added caramelised sugar, it is no longer namkeen, hence, its rate is different.” Caramel popcorn, she ...
Nirmala Sitharaman clarifies why salted popcorn is taxed at 12% but caramel popcorn at 18%. Turns out, it’s more than just a sweet tooth issue. From GST rules to "sin taxes," India’s tax policies on ...
For those searching for a candy confection, there's one soft and chewy caramel product you'll want to add to your shopping list. This week, multiple Costco shoppers took to Reddit to applaud the ...
However, another rate will be applicable for caramel popcorn ... Union Finance Minister Nirmala Sitharaman said that salted/plain popcorn is considered as namkeen during sale in some states.
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 ...
“However, when popcorn is mixed with sugar thereby changing its character to sugar confectionary (Ex: caramel popcorn ... till the time popcorn is salted, it attracts five per cent GST.
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, ...
During the 55th council meeting, union finance minister Nirmala Sitharaman said, “Salted, caramelised ... when popcorn is mixed with sugar (caramel popcorn), its classification changes to ...
However, when popcorn is mixed with sugar (caramel popcorn), its essential ... the finance minister clarified, “Salted, caramelised, plain popcorn is being sold as namkeen in certain states.
But today, the caramel-colored mutts of Brazil are having a major moment. The "vira-lata caramelo" (literally: caramel trashcan-tipper) is being exalted in memes, videos, petitions, an upcoming ...
According to the clarification, ready-to-eat popcorn is taxed at 5%, pre-packaged popcorn is subject to a 12% GST, and caramel popcorn attract an 18% GST. The department believes that this ...