Popcorn is a fascinating snack. It’s mostly air, yet it jumps around dramatically, making a lot of noise. The same can be said about certain netizens who know very little about a subject yet insist on making loud statements about everything—be it economics, defence, medicine, or taxation. The recent 55th GST Council Meeting has given these “popcorn commentators” plenty to talk about. While the council made several important decisions, only two seem to have grabbed the public’s attention: GST on popcorn and GST on used cars. However, the priorities of the discussion are as skewed as a tub of overpriced movie-theater popcorn. 1. GST on Penal Charges: A Relief for the Middle Class Let’s start with what should have been the real headline: GST on penal charges. Imagine you’ve taken out a loan or used a credit card and missed a payment deadline. The bank or NBFC imposes penal interest or additional charges on your overdue instalments. Previously, these charges were considered “inte...