Banana (Republic) Tax

In September of 2024, we got our first dose…

GST on Bun = 0
GST on Cream = 5%
GST on Cream Bun = 18%

Customers are asking for Cream & Bun separately due to this complex structure. Please do something about this FM madam. - Annapoorna Hotel Owner Srinivasan

Later we see him apologizing to the FM! (Asking a question these days and being punished for asking is a sign of democracy or tyranny?!)

Fast forward to December 2024, we have a repeat. As if once wasn’t enough. This time, around popcorn! Now the GST Council is the butt of all jokes…

Salted Popcorn vs. Caramel Popcorn are going to have two different rates. BUT… what about Salted Caramel Popcorn!?!

Yes, instead of simplifying GST, the government has managed to complicate things unnecessarily.

I’ll end it in the beautiful words of investor Vijay Kedia:

Merry Christmas! I hope Santa Claus fulfills your wishes and brings you some joy this season. Until then accept the fact…

Inflation + Taxes are two things that will reduce the purchasing power of individuals. And the government can control both.