Popcorn Price Hike: Sparks Outrage Leave Consumers Fuming
The popcorn price hike has sparked an outraged leaving consumers fuming over high rates on edible food. The government recently revised GST rates on packaged popcorn. The tax rate increased from 5% to 18%, effective immediately. This steep hike has sparked a wave of backlash online. Consumers and industry experts have criticized the move as burdensome.
Social media are flooded with memes and posts criticizing the hike. Many users expressed concern about the rising cost of everyday snacks. “Even enjoying a movie snack feels like a luxury now,” tweeted one user. Another remarked, “Popcorn: A luxury snack for the middle class now.”
Small businesses and popcorn manufacturers fear this hike could hurt sales and revenue. “This tax increase will shrink demand for packaged snacks,” said a distributor. Industry leaders argue that snacks like popcorn should remain in the lower tax bracket. They emphasize that affordability matters to consumers and small-scale sellers alike.
The government recently increased GST rates for several processed and packaged foods. 5% on non-branded popcorn with salt and species, 12% on packaged branded food and 18% on caramel popcorn. Officials justify the hike as necessary to boost revenue collection. However, consumers argue it unfairly targets the middle class and young audiences.
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Cinema owners are also worried about the impact on concessions. Popcorn and similar snacks contribute significantly to theater revenues. “This hike may drive people away from cinemas,” stated a theater manager.
Many believe the government should reconsider this decision to protect affordability. The controversy highlights the delicate balance between revenue generation and public welfare. With backlash growing, all eyes are now on the government’s response.
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