GST rates for popcorn | 5% for ready-to-eat, 12% for pre-packaged, 18% for caramel, say 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 discussions on the Group of Ministers (GoM) report regarding GST rates for the insurance sector have been deferred. Bihar Deputy Chief Minister Samrat Chowdhary said differences among GoM members led to the delay.

“The decision will be taken up in the next meeting,” he stated, adding that the GoM on insurance is likely to meet again in January for further deliberations.

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.

Catch all developments related to GST Council meet here