Why Caramel Popcorn Will Attract Different GST Rate From Salted Popcorn, FM Sitharaman Clarifies
Summary
TLDRThe speaker addresses the confusion surrounding GST taxation on different types of popcorn. They explain that salted and plain popcorn, being savory snacks, are taxed at a lower rate. In contrast, caramelized popcorn, which contains added sugar, is treated differently under GST and taxed at a higher rate, similar to other sugary products like carbonated drinks. The speaker urges the media to help spread this information, ensuring the public understands the rationale behind the tax classification and the distinction between savory and sweet popcorn products.
Takeaways
- 😀 The speaker is addressing the media regarding the GST treatment on popcorn products.
- 😀 There is a distinction between different types of popcorn: salted, caramelized, and plain.
- 😀 The speaker emphasizes that discussions around tax policy are multi-layered and complex.
- 😀 The media is urged to consider the broader context of tax decisions, not just the immediate effects on popcorn products.
- 😀 Caramelized popcorn is treated differently for GST purposes due to the addition of sugar, which is considered a separate category from salted popcorn.
- 😀 Salted popcorn falls under the same treatment as other savory snacks like masala or chili-flavored snacks, with lower GST rates.
- 😀 The added sugar in caramelized popcorn leads to a higher tax rate, as sugary items are taxed differently.
- 😀 The GST council’s deliberations include these complexities, and decisions are based on clear categories like added sugar.
- 😀 There is a request for the media to share the explanation with the public to avoid misunderstandings about the tax rates on different popcorn varieties.
- 😀 The overall message is to ensure accurate communication about how popcorn products are classified and taxed to avoid confusion.
Q & A
Why is there a discussion about popcorn in the press conference?
-The press conference addresses the taxation treatment of various types of popcorn, specifically focusing on salted, caramelized, and plain popcorn, as well as the GST rates applicable to these products.
What is the main issue being discussed regarding popcorn?
-The issue revolves around the GST treatment of popcorn, particularly the differentiation in rates based on whether sugar is added to the product, such as in the case of caramelized popcorn.
How does the addition of sugar affect the GST treatment of popcorn?
-Popcorn that is salted or plain falls under one tax category, whereas caramelized popcorn, which contains added sugar, falls under a different tax category with a higher GST rate due to the sugar content.
What is the significance of distinguishing between salted and caramelized popcorn in the discussion?
-The distinction is important because salted popcorn and caramelized popcorn are treated differently for tax purposes. Salted popcorn has a lower GST rate, while caramelized popcorn with added sugar is taxed at a higher rate.
Why is it important to consider the type of seasoning or added ingredients in popcorn?
-Different ingredients like sugar or salt influence the GST classification. The addition of sugar to popcorn, for example, changes the tax treatment, which is why this distinction is being discussed.
What does the speaker emphasize about the complexity of the tax system?
-The speaker stresses that tax issues are complex and involve multiple layers, with careful consideration required before imposing or removing taxes on products like popcorn.
How is the role of the media involved in the GST discussion on popcorn?
-The speaker requests the media to help clarify and disseminate the information regarding the GST treatment of popcorn, emphasizing the importance of accurately reporting the tax distinctions to the public.
What is the explanation provided about the different tax rates on popcorn?
-The speaker explains that popcorn with added sugar, such as caramelized popcorn, is treated differently and taxed at a higher rate compared to salted or plain popcorn, due to the presence of added sugar.
Why does the speaker mention the GST Council and its deliberations?
-The speaker refers to the GST Council's deliberations to highlight that the tax decisions are made after careful discussion and consensus, ensuring that all aspects of taxation are fully understood.
What is the speaker's final request to the media and the public regarding the popcorn tax issue?
-The speaker requests that the media disseminate the information about the popcorn tax distinction clearly and accurately, ensuring the public understands the reasons behind the different tax rates based on added sugar content.
Outlines
このセクションは有料ユーザー限定です。 アクセスするには、アップグレードをお願いします。
今すぐアップグレードMindmap
このセクションは有料ユーザー限定です。 アクセスするには、アップグレードをお願いします。
今すぐアップグレードKeywords
このセクションは有料ユーザー限定です。 アクセスするには、アップグレードをお願いします。
今すぐアップグレードHighlights
このセクションは有料ユーザー限定です。 アクセスするには、アップグレードをお願いします。
今すぐアップグレードTranscripts
このセクションは有料ユーザー限定です。 アクセスするには、アップグレードをお願いします。
今すぐアップグレード関連動画をさらに表示
54th GST Council Meeting highlights: What's getting cheaper and what’s getting pricier
Gak kalah sama XXI! CARAMEL POPCORN
What's the deal with the popcorn button?
GST on Real Estate | Analysis of GST on Real Estate Sector | Impact of GST on Real Estate
Gran Turismo - NGOPI (Ngrobrol Pilem)
শুরুর এক মাসের মধ্যে গয়া হাওড়া VANDE BHARAT এ journey | এরকমটা হবে ভাবতে পারিনি !! #vandebharat
5.0 / 5 (0 votes)