In a quirky twist to India's GST framework, the government has introduced different tax rates for popcorn based on its flavoring. At the recent GST Council meeting, Finance Minister Nirmala Sitharaman explained the rationale behind this unusual decision:
๐ฆ๐ฎ๐น๐๐ฒ๐ฑ ๐ฃ๐ผ๐ฝ๐ฐ๐ผ๐ฟ๐ป: If you enjoy your popcorn plain and salty, it’s taxed at a mere ๐ฑ% when sold loose.
๐ฃ๐ฟ๐ฒ-๐ฝ๐ฎ๐ฐ๐ธ๐ฎ๐ด๐ฒ๐ฑ ๐ฆ๐ฎ๐น๐๐ฒ๐ฑ ๐ฃ๐ผ๐ฝ๐ฐ๐ผ๐ฟ๐ป: For those opting for convenience with pre-packaged salted popcorn, the tax jumps to ๐ญ๐ฎ%.
๐๐ฎ๐ฟ๐ฎ๐บ๐ฒ๐น ๐ฃ๐ผ๐ฝ๐ฐ๐ผ๐ฟ๐ป: The sweet treat, classified as sugar confectionery due to its sugar coating, faces the highest tax rate of ๐ญ๐ด%.
The differentiation stems from the idea that adding sugar transforms popcorn into a confectionary item, thus attracting a higher tax rate. So, next time you're at the movies, remember: your choice of popcorn could cost you more than just a snack!
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