GST Council Meeting: It is not known when the corn puff, which started from the streets and reached malls, theaters and multiplexes, changed from popping corn to popcorn and became a hobby of the rich. When this popcorn, which was available in paper envelopes in fairs in villages and cities, started coming in beautifully printed packets and flavors and the number of people fond of eating it started increasing rapidly, then the government's attention also fell on it. Therefore, the GST Council today decided to impose GST on it.
The 55th meeting of the GST Council was held today in Jaisalmer, Rajasthan, in which many points were discussed and decisions were taken. In the meeting held under the chairmanship of Finance Minister Nirmala Sitharaman, with the consent of the members, it was also decided to bring popcorn under the ambit of GST. , That means now you will have to pay more money to eat ready to eat popcorn.
In this meeting of the GST Council, popcorn has been kept in different categories according to its quality and flavor, popcorn made with salt and spices, which is not pre-packed and which is not labeled, will attract 5 percent GST. If packaged and labeled, the GST on it will increase to 12 percent and on popcorn made from caramel, 18 percent GST will have to be paid. It has been categorized as 'Chinese Confectionery'. People like it more.
Another such decision has been taken in the GST Council meeting which will give a blow to the pocket, the government has now imposed 18 percent GST on the sale of old cars. In this meeting, the decision to reduce tax on premium of life insurance and health insurance policies was also discussed but it was postponed, it was decided in the meeting that some more technical aspects need to be addressed in this regard, hence it will be considered further. The work of will be handed over to GOM
However, now if you are going to watch a movie in a theater or a multiplex, then remember that it is going to be heavier on your pocket than before, as soon as you buy popcorn, the seller will charge the price as per your choice by adding GST to it.
