GST Council Clarifies Taxation on Popcorn, No Change in Existing Rates

The GST Council clarified that there would be no change in the existing taxation rates for popcorn, following a query regarding its classification. There were concerns about popcorn being classified under a different tax category, but the GST Council confirmed that no revision would be made. Popcorn continues to fall under the current tax structure, meaning the existing rate will remain in effect. This clarification came after discussions on the tax treatment of snacks and food items under GST. The clarification provides clarity to businesses involved in popcorn production and sales, ensuring there is no ambiguity regarding their tax obligations. The industry can proceed without expecting any changes in tax liability.