RBI Grade BNABARD ESISEBI
In one lineMore on this exam
Context:
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
Caramel popcorn being taxed at 18% and salty popcorn being taxed at 12% is a lesson to all of us that we must learn to cook our meals at home.
Key Highlights:
- The GST council has clarified tax rates on some food items. The council has said that no new tax is being levied.
- Critics say that the GST Council is headed towards more complexity and a greater difficulty in enforcement, rather than simplifying the tax system.
- Haseeb Drabu, former finance minister of Jammu & Kashmir, and Rathin Roy have raised issues with the tax treatment of caramelised popcorn.