The GST Council, in its fifty fifth assembly on Saturday, clarified the tax construction on popcorn, stating there could be no adjustments to the present charges.
The GST Council clarified popcorn tax charges, sparking memes on social media.(Pixabay) Taxation particulars unveiled
Union Finance Minister Nirmala Sitharaman defined the rationale behind the GST charges throughout the assembly. 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.”
Underneath the present construction, pre-packed and labelled ready-to-eat snacks, together with popcorn, are topic to a 12% GST. In the meantime, caramelised popcorn attracts the next charge of 18%. For unpackaged and unlabelled popcorn blended with salt and spices, the GST is ready at 5%.
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The Central Board of Oblique Taxes and Customs (CBIC) will quickly concern a round to offer additional readability on these tax guidelines. The council emphasised that the tax differentiation arises from the numerous traits and preparation strategies of popcorn.
Social media reacts with wit and humour
The announcement sparked a wave of hilarious memes on social media, with customers showcasing their inventive takes on the GST levied on popcorn.
One consumer took a playful jab on the GST Council, sharing a meme that depicted the complexities of calculating tax on popcorn. One other quipped, “Suddenly #Popcorn got so much attention. #ACTII is so popular without advertisements.”
Some customers went past popcorn, humouring the state of affairs by suggesting different meals gadgets for taxation.
Listed below are some extra hilarious memes that it is best to try:
The web’s response has ranged from witty jabs to outright snicker riots. Memes that includes calculations on caramelised versus salted popcorn are trending, with customers tagging the Finance Minister of their posts.
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