Regulating popcorn is not easy

Reports from the latest meeting of India’s Goods and Services Tax (GST) Council.

Popcorn with salt and spices (if unpackaged) will attract 5% GST, pre-packaged popcorn will have a 12% GST rate, and caramel-coated popcorn will be taxed at 18%.

The GST Council later issued a clarification on popcorn taxes. It said that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax, whereas an 18 per cent GST will be levied on caramelised popcorn. However, it said that the tax rate on popcorn has not changed, and the Council has agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular on the current taxes on popcorn, reported PTI.

It’s not an easy job.

Anyway, I am going to watch Sookshmadarshini tonight. Will not buy caramel popcorn. Hate it anyway.