Till such time, excise duty will continue to be levied on these products by the Centre and VAT by the States. Alcoholic liquor for human consumption will be outside the GST and the Council shall have no power whatsoever in deciding the taxation of these goods. It is provided in the ...
Certain products and services like petroleum products, high-speed diesel, motor spirit, natural gas, aviation turbine fuel, and alcoholic liquor for human consumption do not come under GST. These products and services are taxed by the individual State Governments, as per their tax policies. ...
Supplies that arenot taxableunder GST Law i.e. alcoholic liquor for human consumption. No GST payable for the above three types of supplies i.e. exempted supply. Further, in GST law ‘NIL’ rated Goods does not mean 0% i.e. zero rated goods. ...
specified period) for cash, deferred payment or other valuable consideration; and (h) supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumpti...
Accordingly, services by way of job work in relation to manufacture of alcoholic liquor for human consumption are not eligible for the GST rate of 5% prescribed under the said entry. GST Council recommended that such job work would attract GST at the rate of 18%....
for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the web...
Section 9(1) of CGST/SGST Act and Section 5(1) and 7(1) of IGST and UTGST Acts 2017 respectively prohibit liquor from the ambit of GST. If both these sections are read together, we conclude that Alcoholic drinks are subject to exempt turnover. However, since aggregate turnover a...