Thursday, July 1, 2021

GST Council decides extra-neutral alcohol taxation to stay with states

Currently, alcohol for human consumption or potable alcohol is out of the ambit of GST and states are free to levy taxes on them. However, industrial alcohol is within the GST. ENA a is derivative of sugarcane molasses and is not an alcoholic liquor for human consumption but can be used as raw material or input, after processing and substantial dilution, in the production of whisky, gin, country liquor etc.

from Economy-News-Economic Times https://ift.tt/3AiiWAt

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