Jairam Ramesh Criticizes GST Tax Slabs for Popcorn
Jairam Ramesh Criticizes GST Tax Slabs for Popcorn
In New Delhi, Congress veteran and Rajya Sabha MP Jairam Ramesh expressed his disapproval of the GST Council's decision on popcorn tax slabs. He called the three different GST rates for popcorn absurd, highlighting the complexity of the GST system. The GST Council clarified that ready-to-eat popcorn with salt and spices is taxed at 5% if not pre-packaged, 12% if pre-packaged, and 18% if mixed with sugar. Ramesh also pointed out issues like GST evasion and input tax credit fraud, questioning if the government will reform the GST system.
Doubts Revealed
Jairam Ramesh
Jairam Ramesh is a politician in India who is a member of the Congress party. He often speaks about economic and environmental issues.
GST
GST stands for Goods and Services Tax. It is a tax in India that is applied to most goods and services sold for domestic consumption.
GST Council
The GST Council is a group in India that makes decisions about how the GST is applied. It includes representatives from the central and state governments.
Tax Slabs
Tax slabs are different levels or categories of tax rates. For example, different items might be taxed at 5%, 12%, or 18%.
Pre-packaged
Pre-packaged means that the item is already packed and sealed before it is sold. This can affect the tax rate applied to the item.
GST Evasion
GST evasion is when people or businesses try to avoid paying the GST they owe. This is illegal and can lead to penalties.
Input Tax Credit Fraud
Input tax credit fraud is when businesses falsely claim credits for taxes they didn't actually pay, to reduce their tax liability.
GST 2.0
GST 2.0 refers to the idea of making changes or improvements to the current GST system to make it better and simpler.
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