New GST rates for popcorn: 5% for ready-to-eat, 12% for pre-packaged, 18% for caramel

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, has proposed new tax rates on popcorn, according to sources.

The recommendations include a 5% GST on ready-to-eat popcorn mixed with salt and spices, provided it is not pre-packaged.

Pre-packaged and labeled popcorn will attract a 12% GST, while caramel popcorn will be taxed at 18%.

Sources also revealed that all used cars, including electric vehicles (EVs), will now attract an 18% GST, up from the current 12%.

However, individual sales and purchases of used cars will continue to be taxed at the existing 12% rate.

The meeting, which is still ongoing, is attended by several key officials, including Union Minister of State for Finance, P P Choudhary, and Chief Ministers from states like Goa, Haryana, Jammu and Kashmir, Meghalaya, and Odisha.

Union Minister for Finance and Corporate Affairs Smt. @nsitharaman chairs the 55th meeting of the GST Council, in Jaisalmer, Rajasthan, today.

The participants included Union Minister for State for Finance Shri @mppchaudhary, Chief Ministers of Goa, Haryana, Jammu and Kashmir,… pic.twitter.com/MmuPnigO1g

— Ministry of Finance (@FinMinIndia) December 21, 2024

Deputy Chief Ministers from Arunachal Pradesh, Bihar, Madhya Pradesh, and Telangana, along with the Finance Ministers of various states and UTs, are also participating in the discussions.

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