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INDUSTRIAL ALCOHOL GST
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
GST Council decision on ENA to bring stability in industry: CIABC"The GST Council's decision is a big relief to the industry, it will bring stability and settle nerves all over," Vinod Giri, Director Gene...
GST Council cedes right to levy tax on distilled alcohol to statesFinance Minister Nirmala Sitharaman said that Allahabad High Court had ruled that states have no power to impose tax on Extra Neutral Alcoh...
GST Council to mull exempting distilled alcohol used to make liquor from taxHigh distilled or extra neutral alcohol contains 95% alcohol by volume and is used for producing liquor and for industrial purposes.
Exempt fizzy, juice-based drinks from sin tax: CompaniesNew Delhi-based Indian Beverage Association (IBA), an industry group that represents Coca-Cola, PepsiCo, Red Bull and Dabur, has urged the ...
GST Council decides extra-neutral alcohol taxation to stay with statesCurrently, alcohol for human consumption or potable alcohol is out of the ambit of GST and states are free to levy taxes on them. However, ...
Liquor stocks rise as critical input left out of GST AmbitWhile liquor is not under the ambit of GST, analysts were expecting the government to include ENA,
Will alcohol and realty come under GST? The jury is still out'Alcohol and real estate are far too contentious issues for GST.'
Eateries should cut rates of food items post GST: Hasmukh AdhiaGST will be levied on entire sum of food bill, including service charge, in a restaurant, while the value of alcohol or alcohol products co...
Why your glass of whiskey and everything alcoholic may get costlierBeer would be the worst hit, with a 15 per cent increase in input costs, the spirits industry that includes other forms of liquor will see ...
Beer, Whiskey and Wine to cost 20 per cent more after GST kicks inThe heavily taxed alcoholic beverages industry had run from pillar to the post to come under GST ambit but states were not ready to give up...
Industrial alcohol, ethanol to attract 18% GST: Hasmukh AdhiaAdhia further said that the issue of transition stock provision is still under consideration and the GST Council will finalise the provisio...
Liquor companies lost $4 billion last year due to prohibition and GST exclusionThe combined market value of three largest companies — United Spirits, United Breweries and Radico Khaitan — crashed 30 per cent to Rs 55,3...
'Sin tax' for alcohol, tobacco industries in GST regimeAlcohol and tobacco industries will have to pay more taxes towards an additional 'sin tax' under the proposed GST structure.
Liquor companies to approach Rajya Sabha with GST DemandAlcohol has not been included under the proposed national tax owing to fears of state governments of losing control over a vital source of ...
Implementing GST to benefit food processing industry: Sharad PawarSharad Pawar said the processed food industry is facing problems due to the existing tax regime and hoped the implementation of the propose...
- Commodities like petroleum, liquor should be brought under GST
States should be allowed to impose extra taxes if these commodities are brought under GST