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GST Council Meet: 18% Tax to Be Levied On Reselling Of Old Vehicles Used By Business | News Debate
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December 22, 2024
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Dec 22, 202415:47Now PlayingSocial media buzzed with humor following the GST Council's announcement of varied tax rates for popcorn. Chaired by Finance Minister Nirmala Sitharaman, the council decided that ready-to-eat salted popcorn would be taxed at 12%, while caramelized popcorn would attract 18%. The Finance Minister explained the decision: “When popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionery, and would therefore attract 18% GST.”
A panel of experts has joined anchor Ashish Pareek to discuss this in detail. Consumer Voice Magazine, Prof Sriram Khanna says "Bulk of our population is earning less than 10000 per month. Our middle class earns 2-5 Lakh rupees per month.. The Govt needs taxes to provide facilities and support for the poor.." Watch the full discussion to know more and follow Mirror Now for the latest updates.
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