Munch on it: GST ruling puts popcorn in 18% tax bracket

MUMBAI: A bag of popcorn is typically associated with fun times, be it at a movie or the beach. But for manufacturers of popcorn, it can be a different story in the realm of indirect taxes. A plethora of classification norms under the goods and services tax provisions continue to confound taxpayers. Thus, Jay Jalaram Enterprises, a Surat-based manufacturer of puffed corn (aka popcorn), approached…