💨 Abstract

Finance Minister Nirmala Sitharaman's explanation on GST taxation of popcorn highlighted the system's complexity and confusion, leading to the term 'popcorn taxation'. GST rates on popcorn vary based on packaging and flavour, sparking memes and criticism. Experts have long recommended a simple dual-rate system, but GST now has nine different rates, causing frustration among businesses and the public.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖