Taxing alcoholic spirits in India: The litmus test of potability
Despite clear court rulings, confusion remains around which liquors are liable for GST, as Raghavan Ramabadran and Sahana Rajkumar of Lakshmikumaran & Sridharan explain.
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Despite clear court rulings, confusion remains around which liquors are liable for GST, as Raghavan Ramabadran and Sahana Rajkumar of Lakshmikumaran & Sridharan explain.
The Supreme Court on Thursday said the state government was only empowered to levy excise duty on alcoholic liquor for human consumption, and it has no power to levy excise on wastage of liquor after distillation.A bench of Justices L. ...
The main question that arises is whether levying VAT on ENA can be considered as a correct practice? Or Whether GST is leviable on supply of ENA?
The companies claimed that a number key recommendations were 'unhealthy' and would 'result in restrictive trade practices'. (Representative image) NEW DELHI: Four liquor manufacturers on Sunday raised objections to the Delhi government's new excise policy recommendations and warned that these would bring in cartelization besides hitting the government's revenue. The Delhi government had recently received around 10,000 suggestions on the recommendations of its expert committee on several issues, including opening more private liquor vends and reducing the legal age for drinking from 25 to 21 ...