India’s Finance Minister, Nirmala Sitharaman, announced varying GST rates for popcorn, sparking online debate. Ready-to-eat, pre-packed popcorn with salt/spices will face a 12% tax, while caramelized popcorn gets an 18% levy due to its sugar content. Unpacked, unlabeled popcorn remains at 5%.Why Government has levied extra GST on Caramel Popcorn
India’s Finance Minister, Nirmala Sitharaman, announced varying GST rates for popcorn, sparking online debate. Ready-to-eat, pre-packed popcorn with salt/spices will face a 12% tax, while caramelized popcorn gets an 18% levy due to its sugar content. Unpacked, unlabeled popcorn remains at 5%.