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No GST on Alcohol, but Beer Will Still Be Costlier

Updated on: Jun 29th, 2021

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3 min read

In this article, we will discuss GST on alcohol briefly.

Latest Update as on 25th May, 2017

We know that alcohol is outside the purview of GST for now. It will require a constitutional amendment to bring liquor under the GST law. However, industry leaders expect that the prices of alcohol products (especially beer) might just go up in the coming days. Share prices of liquor companies have already fallen with the highest fall recorded of 6.4%

Experts believe that GST could have a negative impact on alcohol industry unless there is a well-defined mechanism of refund of taxes. As reported in Economic Times.

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Quick Summary

The article highlights that alcohol is currently outside GST and might see price hikes. Industry leaders predict negative impact on alcohol industry due to GST. Share prices of liquor companies have fallen. Refund mechanism is essential. Source: Economic Times.

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