The 55th meeting of the Goods and Services Tax (GST) Council deliberated and issued a clarification on the taxation of popcorn, putting this humble snack in the national spotlight.
What was supposed to be a routine clarification, turned out to be a red tape masterpiece, a source of hilarious memes on social media and exposed the flawed rollout of India’s marquee indirect tax reform.
Even insiders, like the former chief economic advisor
Krishnamurthy Subramanian have not spared the GST
Council. There are others who fear that mindless tax
overreach is killing India’s growth story.
Is it time then for GST 2.0?
To answer this and more, StratNews Global spoke to
Haseeb Drabu, former finance minister of Jammu and
Kashmir.
