News & Media 24th Dec 2024

Why is GST on caramelized popcorn higher? A detailed analysis

Authors

Mohammad Asif Mansoory Partner | Mumbai

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The Goods and Services Tax (GST) Council Meeting, headed by Hon’ble FM invited mixed reaction after it announced that pre-packed and labelled ready-to-eat popcorn will attract a 12 % tax while caramelized popcorn would attract an 18 % GST.

In the recent explainer, “Why is GST on caramelized popcorn higher? A detailed analysis”, by Tanya Krishna from Financial Express (India), our Partner Mohammad Asif Mansoory shares his thoughts on the decision by the GST council.

Link to the story here

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