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Social Media Erupts With Memes Over GST Council Decision On ‘Popcorn Tax’

Social Media Erupts With Memes Over GST Council Decision On ‘Popcorn Tax’

 

Popcorn, the humble snack enjoyed at movie nights, parties, and as a casual treat, found itself at the heart of a complicated tax debate that’s stirring confusion and social media memes across the country. The GST Council’s decision to impose different tax rates on salted, pre-packaged, and caramelised popcorn has faced criticism, with economists, industry experts, and former government officials arguing that the new tax structure adds complexity for consumers while failing to make a significant contribution to the government’s coffers. The tax structure is as follows: 5% GST on salted popcorn, 12% on pre-packaged and labeled popcorn, and a hefty 18% on caramelised popcorn. At first glance, the distinction between these varieties seems straightforward, but critics are questioning the logic behind it, especially when the potential revenue impact appears to be negligible.

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