GST Council recommends 5% GST on ready to eat popcorn
Breaking Update: Proposed GST Changes for Popcorn at 55th GST Council Meeting
The 55th GST Council meeting, currently underway in Jaisalmer, has brought forward significant proposed changes to the taxation structure for popcorn, according to sources. These updates are yet to be confirmed by an official press release.
Proposed GST Rates for Popcorn:
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Ready-to-eat popcorn mixed with salt and spices (non-packaged): A proposed GST rate of 5%.
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Pre-packaged and labeled popcorn: A proposed GST rate of 12%.
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Caramel popcorn: A proposed GST rate of 18%.
These changes, if confirmed, will have varying impacts on different segments of the popcorn market. The reduced rate for non-packaged popcorn aims to benefit small vendors, while higher rates for pre-packaged and caramel variants reflect their premium nature.
Awaiting Confirmation:
While these updates have been shared by sources, they will only be confirmed once the official press release is issued. Stay tuned for verified details and further insights as they become available.
We will continue to provide live updates from the GST Council meeting as more information emerges.