We are seeing mixed responses from people after the 55th GST Council meeting. Most of the people including the opposition party, Congress, have protested against new taxes. So here are the top 10 things that are going to be taxed.
- Electric Vehicle – 5%
- 2nd Hand Cars (Individual Selling) – 0%
- 2nd Hand Cars (Company Selling) – 12% (Previously) – 18% (Now)
- Popcorn (Salt and Spicy) – 5%
- Popcorn (Packed) – 12%
- Popcorn (Mixed with Sugar) – 18%
- Fortified Rice – 18% (Previously) – 5% (Now)
- Gene Therapy – 0%
- Aviation Turbine Fuel – 0%
- Quick Commerce – Not decided yet.
Since yesterday, all social media platforms are filled with Popcorn tax memes. Every person who enjoy watching movies with popcorn or those who love popcorns now have to pay more money. People are angry because they might have to pay more popcorn price as compare to movie ticket. Still, taxes on few things are not decided yet hold for next GST Council meeting.
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